- Pine Hill Road #Lot F, Derby, VT 05829
Local realty services provided by:ERA Key Realty Services
- Pine Hill Road #Lot F,Derby, VT 05829
$699,000
- 41 Acres
- Lots / Land
- Active
Listed by: nicholas maclure
Office: century 21 farm & forest802-334-1200
MLS#:4958531
Source:PrimeMLS
Price summary
- Price:$699,000
About this home
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....
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Home facts
- Listing ID #:4958531
- Added:1128 day(s) ago
- Updated:August 21, 2026 at 10:48 AM
Structure and exterior
- Lot area:41 Acres
Schools
- High school:North Country Union High Sch
- Middle school:North Country Junior High
- Elementary school:Derby Elementary
Utilities
- Sewer:On Site Septic Needed
Finances and disclosures
- Price:$699,000
Features and amenities
- Amenities:At Street
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