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- Pine Hill Road

Derby, VT

Acres: 41.00
Zoning: Commercial

Price: $699,000

MLS# 4958531
Listed by Nicholas Maclure of Century 21 Farm & Forest

  • Lot Size: 41.00 Acres
  • Zoning: Commercial
  • Lot Description: Field/Pasture,Level,Major Road Frontage,Open,Sloping,View,Wetlands,Wooded
  • Taxes: $0.00
  • Water: On-Site Well Needed
  • Sewer: On-Site Septic Needed
  • Electric: At Street
  • Surveyed Yes
  • Roads: Paved,Private
  • Road Frontage: Yes, 2300 Ft
  • Listing Office: Century 21 Farm & Forest
  • Listing Agent: Nicholas Maclure
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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