MLS Number 4782451
- Village Newport
- Acreage 125
- Zoning Res
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.
Listed by Nicholas Maclure and Daniel Maclure of Century 21 Farm & Forest
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Est. Mortgage: $/month
Federal 30-year interest rate: 3.6% last updated on 2020-01-23
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