$3,100,000

Lot H Mt Vernon Street, Newport City, VT 05855, US

Summary

Style: Land

Moving Quotes

primary photo for Lot H Mt Vernon Street, Newport City, VT 05855, US

Remarks

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.

Details

MLS#: 4719075
Price: $3,100,000

Style: Land

County: Orleans
Lot Size: 5445000

School Elementary: Newport City Elementary
School Middle: North Country Junior High
School High: North Country Union High Sch
School District: North Country Supervisory Union

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Broker Contact


Century 21 Farm & Forest
5043 US Rte 5 Derby Road
Derby, VT, 05829
US
Daniel Maclure
! (802) 334-1200
! Info@FarmAndForest.com
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by New England Real Estate Network
Last updated: 2018-09-25T18:55:23.000-04:00.
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