Description
This 41-acre parcel is strategically located between the City of Newport (27.6 acres) and the Town of Derby (13.2 acres), offering exceptional visibility and accessibility near the I-91 access road, Newport Country Club, Pine Hill Road, and Mt. Vernon Street. Currently zoned for commercial use, the property also presents significant potential for residential development, subject to necessary approvals and rezoning. Elevated portions of the land offer outstanding views of Lake Memphremagog, Jay Peak, Owls Head, and downtown Newport, creating a unique setting for a variety of development opportunities. Conceptual plans have demonstrated the potential for either a 7-lot commercial subdivision or a 13-lot residential subdivision. The property is located within the Foreign Trade Zone, which may provide advantages such as reduced import costs for qualifying businesses, and it may also be eligible for New Market Tax Credits. Furthermore, from a residential development perspective, this property might be well suited for Community Housing and Infrastructure Program (CHIP) funding which if approved can be used for infrastructure such as roads, power, water, sewer, stormwater, engineering and more. Opportunities of this scale, location, and development potential are increasingly rare in the Newport-Derby market. A personal inspection is highly recommended. *Please note that one of the property shareholders is a licensed Vermont Real Estate Broker.
Details
| MLS # | 4958531 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | (31) Under Contract - Active Under Contract |
| Days On Site | 1182 |
| Listing Provided By | Century 21 Farm & Forest | Nicholas Maclure |
Features
| Zoning | Commercial |
|---|---|
| Acreage | 41.00 |
Exterior
| Lot Features | Abuts Golf Course, Near Country Club, Near Golf Course, Near Shopping, Near Skiing, Near Snowmobile Trails, Pasture, Level, Major Road Frontage, Open Lot, Sloped, Views, Wetlands, Wooded |
|---|
Utilities
| Utilities | Cable at Site |
|---|---|
| Electric | At Street |
| Sewer | On-Site Septic Needed |
Taxes
| Tax Lot | F |
|---|
Area Information
| State | VT |
|---|---|
| County | Orleans |
| City | Derby |
| Zip Code | 05829 |
| Area | VT Orleans |
| School District | North Country Supervisory Union |
| Elementary School | Derby Elementary |
| High School | North Country Union High Sch |
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Contact
Learn More About This Property
| State | VT |
|---|---|
| County | Orleans |
| City | Derby |
| Zip Code | 05829 |
| Area | VT Orleans |
| School District | North Country Supervisory Union |
| Elementary School | Derby Elementary |
| High School | North Country Union High Sch |
