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 for the emerging Hemp Market. 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!
-
0BEDS
-
25.1ACRES
-
0BATHS
-
01/2 BATHS
-
46,000SQFT
-
$32$/SQFT
School Ratings & Info
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 for the emerging Hemp Market. 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!
© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this 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 2021-01-22T00:10:54.987.
Courtesy of Nicholas Maclure of Century 21 Farm & Forest.