This 41-acre plot of land, situated in Derby (13.2A) and Newport (27.6A), is adjacent to the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon St. While it is currently zoned for commercial purposes, it also presents an opportunity for residential development, which would necessitate rezoning. The undeveloped land offers potential for a large luxury residence, boasting breathtaking views of Lake Memphremagog, Jay Peak, Willoughby Gap, and downtown Newport. Plans are available for either a 7-lot commercial subdivision or a 13-lot residential subdivision with access to water and sewer facilities. Additionally, its location within the Foreign Trade Zone could lead to reduced import costs for businesses, and potential eligibility for New Market Tax Credits. This property is a must-see. Two (2) shareholders are Vermont Real Estate Brokers.

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Basic Information

StatusACT
List Price$699,000
MLS Number4958531
MLS StatusActive

Utilities

Power CompanyVermont Electric
ElectricAt Street
SewerOn-Site Septic Needed
UtilitiesCable - At Site

Amenities

PricePerSqFt17048.78

Other

SurveyedYes
ZoningCommercial
Date Listed06/23/2023
View Count30

Location

Building Number-
StreetPine Hill Road
TownDerby
StateVT
Zip05829
CountyOrleans
Flood ZoneNo
DistrictNorth Country Supervisory Union
Elementary SchoolDerby Elementary
Junior HighNorth Country Junior High
High SchoolNorth Country Union High Sch

Property

Acreage41
ExposureEast, North, South, West
Area
- Abuts Golf Course
- Near Country Club
- Near Golf Course
- Near Shopping
- Near Skiing
- Near Snowmobile Trails
Square Feet1,785,960
Est Open Space50
CurrentUseAgriculture, Commercial, Development Potential, Field/Pasture, Recreation
LotF
Road Frontage2300
RoadsPaved, Private
RestrictionsDeed, Mobile Homes, Other

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. 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 September 16, 2024 6:24 PM EDT

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- Pine Hill RoadDerby, VT 05829MLS Number 4958531

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