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Listed by Nicholas Maclure and Daniel Maclure of Century 21 Farm & Forest

Here is your opportunity to invest in Newport's Renaissance! Approximately 125 acres bordering Newport Country Club! This property features outstanding views of the city and Lake Memphremagog plus Jay Peak to the west and Owl's Head to the north in Canada. There is an estimated 6 Million Yards of high-grade gravel. The pit is operational and is permitted for 150K yards/year. Great access from Pine Hill, Glen Road & Mt Vernon. Close to city and just off I-91 access road. 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 with substantial natural resources in the Northeast Kingdom! Brokers are shareholders. Terms considered to qualified buyers.

Property Details of Lot H Mt Vernon Street

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Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated November 13, 2019.

 

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