At a time when the State of Vermont is experiencing a crisis in not having enough housing and millions of dollars are being pushed out the door to help build inventory, this 18.60 acre parcel becomes available. This is Opportunity knocking. This is all Act 250 ready with 42 more potential units ready to be built. The infrastructure is already in the ground. 6 condos have been previously built and sold and are not part of this sale. Stay with that thought or come up with your own such as duplexes. What you will see when you enter this site is expansive views of Lake Memphemagog and the surrounding mountains. Overlooking the beautiful city of Newport, all the amenities that one would expect are here from world class dining, shopping, a full service hospital and unbelievable recreation. The golf course is one driveway up. For you out of area developers, tell me where you will find this type of opportunity for $595,000 that is this ready to build on with anxious buyers ready to spend. Opportunity awaits.

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Tax Information

Tax Year2023

Property

Acreage18.6
Area
- Abuts Golf Course
- Commercial Zoning
- In Town
- Near ATV Trail
- Near Country Club
- Near Golf Course
- Near Hospital
- Near Paths
- Near Shopping
- Near Skiing
- Near Snowmobile Trails
- Neighborhood
Square Feet810,216
CurrentUseDevelopment Potential, Residential
Road Frontage1600
RoadsPrivately Maintained

Other

Taxes$2,407
SurveyedYes
ZoningGR
Date Listed08/20/2024
View Count6

Basic Information

StatusACT
List Price$595,000
MLS Number5010534
MLS StatusActive

Utilities

Power CompanyVEC
ElectricOn-Site, Underground
SewerPublic Sewer On-Site
UtilitiesCable - At Site, Telephone At Site, Underground Utilities

Amenities

AmenitiesCommon Acreage
PricePerSqFt31989.25

Location

StreetPepin Drive
TownNewport City
StateVT
Zip05855
Subdivisionyes
CountyOrleans
Flood ZoneNo
DistrictOrleans Essex North
Elementary SchoolNewport Center Elementary
Junior HighNorth Country Junior High
High SchoolNorth Country Supervisory Un

Water Body

Water Body NameMemphremagog Lake
Water Body TypeLake
Water AccessNo
Water ViewYes

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 September 14, 2024 9:24 AM EDT

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