531 W Main St Newport City, VT 05855

A rare chance to build something truly impactful in the heart of Newport. This 0.79-acre corner parcel at 531 West Main Street sits in a highly convenient location-close to downtown amenities, Lake Memphremagog's waterfront, and within easy reach of the Jay Peak recreation area. The existing structure is in very rough condition and is best suited for removal, opening the door for a fresh start and a forward-thinking new build. With generous frontage on both West Main Street and Highland Avenue, the lot offers design flexibility that few in-town parcels can match. City water, sewer service and electric are already onsite, making future development more streamlined and cost-effective. Consider the potential for a thoughtfully designed duplex or multi-unit building, where the natural grade allows lower units to be accessed from West Main and upper units from Highland-creating the possibility for all units to be at grade and handicap-accessible without elevators or major infrastructure. This property is also an excellent candidate for the Vermont Housing Improvement Program (VHIP), which offers up to $70,000 per qualifying unit for the creation of new accessible housing. That's real money toward construction costs-and a meaningful push toward addressing Vermont's housing shortage. Whether you envision a modern single-family home or a multi-family development that contributes directly to the community's needs, this lot invites creativity. Be part of the solution by expanding Newport's housing options, strengthening the neighborhood, and transforming this underutilized property into something the community can be proud of. Please note that some photos or AI generated Renderings and buyers should perform due diligence to ensure their specific plans can be accomplish on the site. Exterior access only as the building is not safe to enter.