Newport City Vermont Real Estate

The former Sacred Heart School and Convent has rich history and is a landmark in the City of Newport. The property sits on over 8 acres that look over Lake Memphremagog and feature a large open athletic field, a 35,322 sq ft school building, a 12,708 sq ft convent, commercial grade kitchens, a chapel, large common areas and a total of 35 bedrooms. Both buildings also have partially finished basements. A third building holds a garage and additional dormitory space. This prime historic site is in close proximity to downtown Newport’s shopping and dining, the Gateway Center and Marina as well as the boardwalk along the lakeshore. The open acreage and its existing buildings hold much potential for development of senior housing, scholastic or retreat center, and other similar uses. Investors and Developers…this is great opportunity to create a state of the art facility within the region!

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.

* An apartment building with 8 2 bedroom 1 bath units with good occupancy in a convenient in town location.Built in 1930 and located in the heart of downtown Newport, this four-story multi-family building could be your next great investment. There’s a total of eight 2-bedroom, 1-bath units that average 1,000 square feet of living space in each. Some units also include a covered porch. Tenants pay for electric, internet and cable; landlord covers heat, landscaping, snowplowing, and trash removal. There’s an on-site coin-operated laundry for tenant’s use. This property has a strong rental history and is in a highly sought-after location close to all amenities in town, including shops, restaurants, City Cinema theater, Goodrich Memorial Library, the recreation path, Pomerleau Park, Gardener Park, and Lake Memphremagog. Come take a look.

Here’s an excellent opportunity for investors in downtown Newport. These 3-story multi-family properties include a total of 12 rental units with a mix of 1 and 2-bedroom apartments. The highly desirable location is close to all town amenities like shopping, dining, and entertainment, as well as schools, the post office, Goodrich Memorial Library, Lake Memphremagog, the recreation path, Pomerleau Park, and Gardner Park. Tenants pay for electric, cable, and internet, and they have use of an on-site laundry facility. The landlord covers heat, landscaping, and snow and trash removal. Long-term rental properties are in high demand, so if you’re ready, this could be the perfect property to start with.

Location, Location, Location! Offering 2+ acres of prime commercial acreage with 2 commercial buildings and situated on one of the most heavily traveled intersections in all of Orleans County. This property is zoned commercially and offers plenty of potential for numerous commercial business uses or as a development building site. Situated on a corner lot at a 4-way intersection with city water & sewer and access from both East Main St and Sias Ave. The 2-unit building at 487 East Main offers 2400+sq.ft and is currently leased as office space (formerly a general store on the main level) and a second floor apartment & 27 Sias Ave is a 2-unit building with 2200+sq.ft and is currently leased as two residential apartments. Adjoining single family home on .24 acres is negotiable. The entire lot is mostly open acreage with plenty of parking and a large open lawn area off from Sias Ave. This is a highly desirable location for many uses and is well worth a look today.