Lot H Mt Vernon StreetNewport City, VT 05855MLS Number 4719075

  • Price: $3,100,000
  • Est. Mortgage of $/month
  • 33 Days on Market
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Federal 30-year interest rate: 4.85% last updated on Oct 18, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 125Acreage
  • 5445000Square Feet
  • MaclureAgent Name
  • NewportVillage

Driving Directions

Wonderful Investment Property in Newport! Approximately 125 acres in Newport bordering the Newport Country Club. Fabulous views overlooking the city and Lake Memphremagog as well as Jay Peak to the west & Owl's Head to this north in Canada. There is a huge quantity of high-grade gravel and it's permitted for 150K yards per year. Great access with the potential for over 100 residential units. This property is located in an IRS designated Opportunity Zone which could provide an investor with preferential tax treatment as part of the Tax Cuts and Jobs Act of December 2017. Finally a project could qualify for New Market Tax Credits. A must see development opportunity in the Northeast Kingdom! Brokers are Shareholders.

Listed by Daniel Maclure and Nicholas Maclure of Century 21 Farm & Forest

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More Info

Basic Information

  • Virtual TourClick Here
  • Date Listed09/18/2018
  • StatusACT
  • p mod date time2018-09-25T18:55:08
  • Property TypeLand
  • Modification Date09/25/2018
  • Agent NameMaclure
  • Broker NameCentury 21 Farm & Forest
  • List Price$3,100,000
  • MLS Number4719075

Photos

  • Number of Photos20

Location

  • Building NumberLot H
  • StreetMt Vernon
  • VillageNewport
  • TownNewport City
  • StateVT
  • Zip05855
  • CountyOrleans
  • Flood ZoneNo
  • DistrictNorth Country Supervisory Union
  • Elementary SchoolNewport City Elementary
  • Junior HighNorth Country Junior High
  • High SchoolNorth Country Union High Sch

Other

  • Docs AvailableDeed, Other, Plot Plan
  • Current UseDevelopment Potential
  • AVMYes
  • RoadsPublic
  • Delayed ShowingsNo
  • View Count4

Property

  • Acreage125
  • Area
    • Business District
    • Near Country Club
    • Near Golf Course
    • Near Shopping
    • Near Skiing
    • Near Snowmobile Trails
  • Square Feet5445000
  • TopographyLevel, Major Road Frontage, Open, Sloping, View

Utilities

  • Power CompanyVEC
  • WaterPublic Water - At Street
  • ElectricAt Street
  • SewerPublic Sewer at Street
Parkway Realty - Lyndonville
Parkway Realty - Lyndonville
Office: 802-626-8333
223 Main Street
Lyndonville, VT 05851
Broker Reciprocity

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