41 Acres of Mixed-Use Land for Sale in Newport, Vermont
Mount Vernon St Lot F, Newport, VT 05855
This 41-acre parcel, located in both Derby (13.2A) & Newport (27.6A), borders I-91 access road, Newport Country Club, Pine Hill Road& Mt Vernon St. It is zoned for Commercial Use but is also well-suited for residential development, which would require rezoning. As raw land it holds great potential for a large luxury home with its fantastic views of Lake Memphremagog, Jay Peak & Willoughby Gap as well as overlooking downtown Newport. Conceptual drawing are available for a 7-lot commercial subdivision or a 13 lot residential subdivision with onsite water & sewer. Being located within the Foreign Trade Zone could reduce the costs of imports for your business. The Newport portion of this property is also in an Opportunity Zone. Finally, a project could qualify for New Market Tax Credits. Certainly a Must See property. ** Two (2) shareholders are Vermont Real Estate Brokers.
Directions
Take Exit 27 off I-91 to 191 Access Road towards Newport City. Take 2nd left onto Pine Hill Road. Lot is on right corner of Pine Hill Road & Mount Vernon Street.
Property details
- County
- Orleans County
- Zoning
- commercial
- Elevation
- 810 feet
- MLS Number
- NNEREN 4958533
- Date Listed
Resources
Detailed attributes
Listing
- Type
- Commercial
- Franchise
- Century 21 Real Estate
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
June 23, 2023 | New listing | $699,000 | — | NNEREN |