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Located at - Pine Hill Road, Derby, Vermont 05829, this Land is for Sale with a price of $699,000 USD. This listing encompasses a lot of 41 Acres. See all Homes for Sale in Derby.

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1. - Pine Hill Road
1. - Pine Hill Road
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Description

- Pine Hill Road,

#Lot F, Derby, VT 05829

Listing Courtesy of Nicholas Maclure, Century 21 Farm & Forest


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.

Data provided by : PRIME MLS

$699,000
price
Land
Property type
Available
market status
North Country Supervisory Union
School District
4958531
MLS ID
1077
Days Posted
41 Acres
Exterior

- pine hill road, #Lot F
Derby, VT 05829

$699,000