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

StatusACT
List Price$699,000
MLS Number4958531
MLS StatusActive

Utilities

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

Amenities

PricePerSqFt17048.78

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

Other

SurveyedYes
ZoningCommercial
Date Listed06/23/2023
View Count20

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

Copyright 2023 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 November 29, 2023 2:09 PM EST

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