- Type: Development,Hospitality,Land,Opportunity,Other,Vacant Land
- Size: 0 SqFt
- Zoning: commercial
- Taxes: $ 0.00
- Year Built: 0
- Construction:
- Lot Size 41.00 Acres
- Roads: Major Road Access,Paved,
- Road Frontage: Yes, 2300 Ft
- Listing Office: Century 21 Farm & Forest
- Listing Agent: Nicholas Maclure
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.
Newport City, VT
