$2,900,000
125 acres
44.936503371 -72.200545674
FOR SALE

Lot H Mt Vernon Street Newport City, VT 05855

$2,900,000
Est. Monthly $10,263 recalculate
125 acres
 

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Daniel Maclure
Daniel Maclure CENTURY 21 Farm & Forest
5043 US Rt 5, Derby Road,
Derby, VT 05829
802.­793.0844
802.­793.0844
CENTURY 21 Farm & Forest
5043 US Rt 5, Derby Road, Derby, VT 05829
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Lot H Mt Vernon Street
Newport City, VT 05855

Explore This Property

Vacant Land - 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.
MLS # 4782451
Listed By CENTURY 21 Farm & Forest

Property Features

  • Heating - Fuel Type: Other
  • Lot Size: 125 Acres
  • Style: Other Style

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $10,263Your estimated monthly payment
    $580,00020% Down Payment
    $2,900,000 $2,320,000
    purchase price loan amount
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    NEWPORT CITY ELEMENTARY SCHOOL
    Grades PRESCHOOL-6 | Public School

    NEWPORT, VT 05855
    166 SIAS AVE
    802-334-2455
    0.7
    miles

    Total Students 330
    Student Teacher Ratio 9:1

    School Rating

    1 star View School Details
    Middle School
    NORTH COUNTRY JR UHSD #22
    Grades 7-8 | Public School

    DERBY, VT 05829
    57 JUNIOR HIGH DR
    802-766-2276
    3.5
    miles

    Total Students 265
    Student Teacher Ratio 8:1

    School Rating

    2 stars View School Details
    High School
    NORTH COUNTRY SENIOR UHSD #22
    Grades 9-12 | Public School

    NEWPORT, VT 05855
    209 VETERANS AVE
    802-334-7921
    0.7
    miles

    Total Students 719
    Student Teacher Ratio 8:1

    School Rating

    2 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    United Christian Academy 0.6 mi Catholic K-12
    North Country Career Center 0.7 mi Public 9-12
    Derby Elementary School 6.2 mi Public PRESCHOOL-6

    Local Area Information for Newport, VT 05855

    Median Age: 43.4
    Married: 37.2%
    Number of Households: 2,933
    Households with Children: 817
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      The Vacant Land located at Lot H Mt Vernon Street, Newport City, VT 05855 is currently for sale. Lot H Mt Vernon Street, Newport City is listed by CENTURY 21 Real Estate for $2,900,000. If the property located at Lot H Mt Vernon Street, Newport City, VT isn't what you're looking for, search Vermont real estate to see other houses for sale in Newport.