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Listed by Nicholas Maclure • Century 21 Farm & Forest
$699,000
Est. payment /mo
41 Acres Lot
UPDATED:
08/30/2024 04:50 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4958531
Lot Size 41.000 Acres
Acres 41.0
Property 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.
Location
State VT
County Vt-orleans
Area Vt-Orleans
Zoning Commercial
Exterior
Utilities Available Cable - At Site
Building
Sewer On-Site Septic Needed
Schools
Elementary Schools Derby Elementary
Middle Schools North Country Junior High
High Schools North Country Union High Sch
School District North Country Supervisory Union
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