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This 41-acre parcel, located in both Derby (13.2A) & Newport (27.6A), borders I-91 access road, Newport Country Club, Pine Hill Road & Mt Vernon St. It is zoned for Commercial Use but is also well-suited for residential development, which would require rezoning. As raw land it holds great potential for a large luxury home with its fantastic views of Lake Memphremagog, Jay Peak & Willoughby Gap as well as overlooking downtown Newport. Conceptual drawing are available for a 7-lot commercial subdivision or a 13 lot residential subdivision with onsite water & sewer. Being located within the Foreign Trade Zone could reduce the costs of imports for your business. Finally, a project could qualify for New Market Tax Credits. Certainly a Must See property. ** Two (2) shareholders are Vermont Real Estate Brokers.

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Basic Information

  • Date Listed04/28/2022
  • StatusACT
  • List Price$699,000
  • MLS Number4907182
  • MLS StatusActive

Utilities

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

Other

  • SurveyedYes
  • ZoningCommercial
  • View Count2

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
  • Topography
    • Field/Pasture
    • Level
    • Major Road Frontage
    • Open
    • Sloping
    • View
    • Wetlands
    • Wooded
  • RestrictionsDeed, Mobile Homes, Other

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Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. 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 February 5, 2023 10:09 AM EST.

 

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