Lot H Mt Vernon - Newport City, Vermont

Listing provided by Century 21 Farm & Forest.

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.

$3,100,000.00
  • MLS Number: 4719075
  • Lot Size: 125 Acres
    Roads:
  • Public
    Water:
  • Public Water - At Street
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Lot H Mt Vernon
Newport City, Vermont

For More Information Contact

John Colvin
BROKER, REALTOR®, MLS, CIBOR
Office: 802-438-9900
Mobile: 802-236-5777
Fax: 802-438-9900