Commercial Development
Pine Hill Road lot F Derby, VT 05829
Pine Hill Road lot F, Derby, VT, 05829
$699,000
For Sale
$699,000
LAND - Derby, VT
Lot Size41.00 Acres
Days on Market1123
Property Features for Pine Hill Road lot F
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Lot size
- 41.00 Acres
Utilities
- Sewer type
- Septic Needed
- Water source
- Well Needed
Listing Agency
Century 21 Farm & Forest
(802) 334-1200
34 Up North Dr, Derby, VT
Listed by
Nicholas Maclure
(802) 334-1200
Added: Jun 23, 2023 Checked: Jul 19 at 4:06 pm
MLS# 4958531
Listing URL
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Investment Insights
Based on property information with market context.
This 41-acre parcel is currently zoned for commercial use and sits between the City of Newport and the Town of Derby. Elevated portions of the property offer views of Lake Memphremagog, Jay Peak, Owls Head, and downtown Newport. Conceptual plans presented for the site show potential for either a 7-lot commercial subdivision or a 13-lot residential subdivision, subject to necessary approvals and rezoning.
The property is positioned near the I-91 access road and close to Newport Country Club, Pine Hill Road, and Mt. Vernon Street, and it is located within the Foreign Trade Zone. The remarks also note possible eligibility for New Market Tax Credits, and that residential development may be suitable for CHIP funding, if approved, for infrastructure such as roads, power, water, sewer, stormwater, and engineering.
A personal inspection is recommended. Please note that one of the property shareholders is a licensed Vermont real estate broker.
The property is positioned near the I-91 access road and close to Newport Country Club, Pine Hill Road, and Mt. Vernon Street, and it is located within the Foreign Trade Zone. The remarks also note possible eligibility for New Market Tax Credits, and that residential development may be suitable for CHIP funding, if approved, for infrastructure such as roads, power, water, sewer, stormwater, and engineering.
A personal inspection is recommended. Please note that one of the property shareholders is a licensed Vermont real estate broker.
Key Highlights
- 41‑acre parcel between the City of Newport (27.6 acres) and the Town of Derby (13.2 acres), near I‑91 access road and Newport Country Club
- Currently zoned for commercial use; conceptual plans show potential for either a 7‑lot commercial subdivision or a 13‑lot residential subdivision (subject to approvals and rezoning)
- Elevated portions offer views of Lake Memphremagog, Jay Peak, Owls Head, and downtown Newport
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - 41-acre parcel zoned for commercial use near I-91 access road with conceptual plans for multiple subdivision options.
Where is this commercial land located?
The property is located at Pine Hill Road lot F Derby, VT.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 41‑acre parcel between the City of Newport (27.6 acres) and the Town of Derby (13.2 acres), near I‑91 access road and Newport Country Club; Currently zoned for commercial use; conceptual plans show potential for either a 7‑lot commercial subdivision or a 13‑lot residential subdivision (subject to approvals and rezoning); Elevated portions offer views of Lake Memphremagog, Jay Peak, Owls Head, and downtown Newport
