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    Lot H Mt Vernon Street

    Newport City, VT 05855
    • $2,900,000
    • STATUS: Active
    • ON SITE: 364 days
    • MLS #: 4782451
    UPDATED: 52 min ago
    $2,900,000
    • 0
      BEDS
    • 125
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Information

    Courtesy of Daniel Maclure of Century 21 Farm & Forest.

    Description

    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.

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    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-21T17:06:00.783.
    www.thehammondteam.com/homes/100194552
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    Lot H Mt Vernon Street Newport City, VT 05855

    • Price: $2,900,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 4782451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    125
    Acres
    County:
    Orleans
    Area:
    Newport City
    Elementary School:
    Newport City Elementary
    Middle School:
    North Country Junior High
    High School:
    North Country Union High Sch
    School District:
    North Country Supervisory Union
    Property Description
    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.
    Exterior Features

    Area Description Business DistrictNear Country ClubNear Golf CourseNear ShoppingNear SkiingNear Snowmobile Trails Lot Description LevelMajor Road FrontageOpenSlopingView Road Frontage Tbd Roads Public

    Property Features

    Covenants Yes Electric At Street Electric Company Vec Flood Zone No Lot Number 0 Resort No Sewer Public Sewer At Street Span Number 17705611927 Suitable Use Development Potential Surveyed No Taxes Tbd Yes Utilities Satellite Village District Locale Newport Water Public Water - At Street Zoning Res

    Courtesy of Daniel Maclure of Century 21 Farm & Forest.


    © Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-10-21T17:06:00.783.
     
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    The Hammond Team at KW Vermont
    68 Randall Street
    South Burlington VT, 05465
    Courtesy of Daniel Maclure of Century 21 Farm & Forest.