Pine Hill Road lot F Derby, VT 05829

Listing agent Nicholas Maclure Show Phone

Listing office Century 21 Farm & Forest D**@farmandforest.com 34 Up North Dr, Derby, VT Show Phone

Listing date Jun 23, 2023

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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.

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

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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