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$699,000 List Price
Land Type
41 Acres
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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. †
Property Location
Property Details
| List Price $699,000 | Taxes $0 |
|---|---|
| Cooperation Fee Unknown | Tax Year |
| MLS# 4958531 | Exposure East, North, South, West |
| Type Land | Surveyed Yes |
| Zoning Commercial | Road Frontage 2300 Ft |
| Lot Size 41 Acres | Water Frontage |
| Easements | Water Body |
| List Date Jun 23rd, 2023 |
| MLS# 4958531 | Taxes $0 |
|---|---|
| List Price 699,000 | Exposure East, North, South, West |
| Type Land | Surveyed Yes |
| Zoning Commercial | Road Frontage 2300 Ft |
| Lot Size 41.0000 Acres | Water Frontage |
| Easements | Water Body |
| List Date Jun 23rd, 2023 |
| Amenities |
|---|
| Topography Abuts Golf Course |
| Location , Adj Golf Course, Near Skiing, Near Country Club, Near Golf, Near Snowmobile Trails |
| Utilities |
| Directions From I-91 Access Rd take Pine Hill Rd to stop sign. Property is on right corner of Pine Hill & Mt Vernon. Lot access is first right on Mt Vernon, opposite the golf course at Newport Country Club. |
| Current Use Agriculture, Commercial, Recreational | Roads Private, Paved |
|---|---|
| Sewer On Site Septic Needed | Roads Private, Paved |
| Water | Structure |
| Electric At Street | Shore Rights |
| Gas | Restrictions Other, Mobile Homes, Deed |
† The remarks published on this webpage originate from Listed By Nicholas Maclure of Century 21 Farm & Forest via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
