Bought with Constance Isabelle • Century 21 Farm & Forest
$950,000
$1,490,000
36.2%For more information regarding the value of a property, please contact us for a free consultation.
172 Bogner DR Newport City, VT 05855
46,000 SqFt
Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Business,Industrial,Office,Opportunity,Other
Listing Status Sold
Purchase Type For Sale
Square Footage 46,000 sqft
Price per Sqft $20
MLS Listing ID 4931648
Sold Date 09/27/22
Year Built 1971
Annual Tax Amount $39,592
Tax Year 2021
Lot Size 25.100 Acres
Acres 25.1
Property Sub-Type Business,Industrial,Office,Opportunity,Other
Property Description
This 46,000 sq ft building sits on 25 acres in Newport, Vermont. The property has lots of potential for warehousing and/or manufacturing. The main level offers over 35,000 sq feet while the walkout lower level offers another 11,000± sq feet. The building sits proudly on a hillside overlooking Lake Memphremagog yet is not visible from Lake Road. The site received substantial permitting and infrastructure for 100,000+ sq ft expansion, which did not occur. Site work that was completed in preparation for this addition included enhanced fire protection, upgraded power, as well as increased stormwater retention capacity. This is a great opportunity to start or grow a company. There is great potential for processing & warehousing. Furthermore, the site is within a designated Foreign Trade Zone as well as the Opportunity Zone (part of the Jobs Acts & Tax Cuts), and it could also qualify for New Market Tax Credits. The building is in need of an updated HVAC system and has been priced accordingly. The parcel is on the outskirts of Newport City with good access to Interstate 91, only a few minutes from the Newport Airport and only 15 miles to the Canadian Border. Newport welcomes you!
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning industrial
Body of Water Lake
Rooms
Basement Entrance Interior
Basement Concrete Floor, Daylight, Finished, Partially Finished, Stairs - Interior, Storage Space, Walkout
Exterior
Exterior Feature Metal
Parking Features On-Site, Paved, Unpaved
Garage Description On-Site, Paved, Unpaved
Utilities Available Multi Phone Lines, Satellite Internet, Telephone Available
Waterfront Description Yes
View Y/N Yes
View Yes
Roof Type Flat,Tar and Gravel
Building
Lot Description City Lot, Lake View, Open, Sloping, Wooded
Foundation Concrete
Sewer Public
Water Public
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