- Mount Vernon Street Lot F
$699,000
- Mount Vernon Street Lot F, Newport City, VT 05855
41 acres
Lot Area
commercial
Zoning
Details:
Highlights:
- Views: Mountain
- Exterior Description: Other
Description:
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.
Commercial For Sale - Newport City, VT
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.
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