Properties Near - Mount Vernon Street Newport City, VT

This 41-acre parcel of land, strategically positioned at the confluence of Derby (13.2 acres) and Newport (27.6 acres), enjoys proximity to key landmarks such as the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While currently designated for commercial use, there exists a promising potential for residential development, contingent upon rezoning. The untouched terrain presents an opportunity for an expansive upscale dwelling, offering panoramic vistas of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Proposed blueprints outline the feasibility of a 7-lot commercial subdivision or a 13-lot residential division with access to essential water and sewer amenities. Furthermore, being within the Foreign Trade Zone could translate to reduced import expenditures for enterprises, along with the prospect of qualifying for New Market Tax Credits. This property warrants a personal inspection, with the additional detail that two (2) stakeholders are licensed Vermont Real Estate Brokers.

Here is opportunity!! This was once a thriving mini mart and carwash. It could easily be that again as we know it has a superb location! What's left is an income producing complex from fuel sales and rental income. Or maybe there is a plan for something different? This is the gateway into our Community. Gardner Park is right next door that attracts 1000's in the summer. ATV's and Snowmobilers have access to this part of town. This will take ambition and imagination. But know that the best location in Town is for sale!