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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 Daniel Maclure and Nicholas 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 a huge quantity of high-grade gravel 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. A must see development opportunity in the Northeast Kingdom! Brokers are shareholders.
Listed by Daniel Maclure of Century 21 Farm & Forest
Awesome opportunity to own 1,000 of water frontage on the international waters of Lake Memphremagog. Completely approved 7 lot subdivision on 10.58 acres. There's a mixture of open lawns, with sprawling views, and mature woods with room to roam as well as a beach area. Listen to the loons and enjoy the sunsets with complete privacy. This is the last place on a town maintained road. There's electricity at the roadside as well as city water. Super soils for conventional systems. You can build your dream place here, or keep your favorite lot and sell the others for investment opportunities. You won't believe the space and potential here. Possible owner financing to qualified parties. Well worth a look.
Price Reduced! Former Sacred Heart School and Convent is rich in history and a landmark in the City of Newport. The property overlooks Lake Memphremagog and offers a large open athletic field, 35,322 sq ft school building, 12,708 sq ft convent, commercial grade kitchens, a chapel, large common areas and 35 bedrooms. Both buildings also have partial finished basements. A third building holds a garage and additional dormitory space. This prime historic site of 8.51 acres is in close proximity to downtown Newport. The large open acreage and its existing buildings hold much potential for development of senior housing, scholastic or retreat center, and other similar uses. Opportunity to become a state of the art facility within the region!
Listed by Constance Isabelle of Century 21 Farm & Forest
A great opportunity for the right individual! The Newport Car Wash and Mini-Mart is now available. Includes store, car wash, 2-story commercial office complex, gas pumps ( 3 gas islands ), canopy and tanks. Two underground storage tanks totaling 21,000 gallon capacity and registered with the State of VT. 1st tank is 15,000 with 2 compartments holding 10,000 and 5,000 gallons and 2nd tank is 6,000 with 2 compartments holding 1,000 and 5,000 gallons. Also has a separate tank for off road, diesel and kerosene. Vendor roof TLS monitoring system. Ready to go and offering a super location right off I-91.
Listed by James Campbell of Jim Campbell Real Estate
Get energized and enjoy the lazy days of summer and winter, too, at this lakefront estate. Whether you are a swimmer, biker, ice skater, fisherman, and more, you can do it all from here. This year round ranch style beach home has 2 bedrooms, 2 baths, open living area of kitchen, living and dining spaces which spills into a sun room where you can watch the beautiful sunsets and take in the spectacular mountain and lake views. You can enjoy the warm, cozy feelings as you sit by the gas fireplace during the winter months as the snow falls outdoors. There is a guest cottage with 2 bedrooms ready for friends and family. The home has an attached heated garage space and an additional detached 2 car garage building with walk up 2nd level for storage which could be used for additional living space or a game/exercise room. All sits on 2 acres of level plush lawns, nicely landscaped featuring 210 feet of sandy, level lake bottom with easy access. There is wonderful natural light in the home and shade trees outdoors for lounging under. An end of the road, private location.
Listed by Rosemary Lalime of RE/MAX All Seasons Realty
Commercial building in an exceptional corner lot location on Main Street in downtown Newport, VT. Great investment property that is currently fully leased to 6 long term tenants and decent rental history on file. Sellers also own the restaurant & candy store and are willing to secure a multi-year lease for each. Nice large rental units on the second floor, fully leased with 4 long term tenants at the moment (9 rooms total that have potential to be leased individually or combined for larger adjoining lease spaces). This Historic property is in good overall condition from the brick exterior to the updated heating & electrical systems and restoration of the original hardwood floors throughout. This property is ideal for numerous types of businesses with its high traffic count & foot traffic and great signage exposure. Great opportunity for investors & entrepreneurs alike. Shown by appointment.
AMAZING WATER AND MOUNTAIN VIEWS from this beautiful lakefront home. Open concept kitchen, living, and bar area take full advantage of the stunning views. Move in ready, top quality custom built home designed for entertaining and enjoying all that International Lake Memphremagog has to offer. Current owner is a professional decorator and has brought this home up to the minute in style. A blend of contemporary Craftsman and modern Farmhouse provide warmth and sophistication. High end stainless appliances, breakfast nook seats 8 comfortably and there is seating around the granite counters for 6. Radiant tile floors are efficient, beautiful and easy to keep clean. The gas fireplace adds ambiance and warmth on those chilly VT evenings. The wall of windows facing the lake include a sliding glass door to the covered stamped concrete patio for lounging and dining outside. Huge master suite featuring a walk in shower and whirl pool tub, separate sinks in his & her vanities, covered private deck and tons of storage and closet space. Heated garage. Outbuildings. Just a few steps to the sandy beach, your boat mooring or launch your canoe or kayak! Adjacent to year round, bike-walking,skiing path.
Listed by Stephen Poulin of RE/MAX All Seasons Realty
$70,000 REDUCTION! Prime development opportunity with this level 1.66 Acre parcel located in the Newport City limits, yet very close to the new Walmart on Route 5 which is the busiest route in the area. The site includes a front building which could be razed & redeveloped or continue to be utilized as a multi-unit rental. There are currently 3 dance studios, a retail space and a large area with overhead doors which the owner currently uses for storage. The building has over 12,000 square feet and many of the spaces have been renovated. The exterior could use upgrades but the owner has opted not to invest too much in the event a purchaser opts to raze and redevelop. The rear building is a 50' x 80' metal building & is in great shape. It is used as an automotive garage but could make a great warehouse as well. Property currently generates about $2800/month in income which would allow an investor to hold the property until a development opportunity arises. City water & sewer. Phase III power, cable and DSL. This property is located within the Foreign Trade Zone which could reduce the costs of imports for your business. Furthermore it 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.
Listed by Nicholas Maclure of Century 21 Farm & Forest
This year-round three bedroom cottage sits on an absolutely gorgeous piece of property. There is 300+ feet of frontage on beautiful Lake Memphremagog, amazing landscaping and gardens on very level, slightly treed yard, panoramic views of the lake, mountains, and surrounding landscape. You can move right into this home as it is being offered completely furnished. Very quiet setting yet just minutes to city of Newport where you can enjoy fine dining and shopping. Also has access to the VAST Snowmobile Trail, and 30 minutes to Jay Peak Ski Resort.
Listed by Stephen Peacock of Century 21 Farm & Forest
This building offers over 29,000 sq feet of space which includes numerous show rooms, office space, warehouse / garage space with large over head doors, as well as two residential apartments. The building offers good visibility on Coventry St (also route 5) and it is located across the street from the Pick n Shovel hardware store. A little under 24,000 sq feet is heated space. The lot offers 4300 sq feet of paved parking and it also abuts the railroad in the rear. This would make a great mixed use building with room for offices, showrooms, warehouse, and residential space. It would also lend itself well to an incubator style building. This property is located within the Foreign Trade Zone which could reduce the costs of imports for your business. Furthermore it 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.
Listed by Nicholas Maclure of Century 21 Farm & Forest
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