- Pine Hill Road Lot F
Derby, Vermont

Derby, Vermont

Listed By CENTURY 21 Farm & Forest

The Land for Sale located at Derby, Vermont is currently for sale. Derby, Vermont is listed for $699,000. If the property located at Derby, Vermont isn't what you're looking for, visit https://www.century21global.com to see other Lands for Sale in Derby .

Date Updated : Feb 18, 2025

MLS#: 4958531

$699,000 USD

  • Type
    Land
  • Minimum sellable space
    165,921m²  (41ac)
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The details

Property features

Area

  • Land/Lot size: 165,921m²  (41ac)

Description

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.

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Location

Derby, Vermont
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