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$349,900 USD
Route 5
Derby, Vermont 05829
USA
Derby, Vermont 05829
USA
0.3 m2 ::
3.21 sqft
Land for sale, Other Land
Sale price per sqm: 1,173,299.77
Tax: 6,082 USD
Remarks:
Prime commercial development opportunity along the heavily traveled US Route 5 corridor between Newport and Derby. This 3.21-acre parcel offers approximately 459' of road frontage and an outstanding location in the heart of one of the Northeast Kingdom's primary retail and commercial districts. The property directly backs up to Walmart Supercenter and is just a few hundred yards from its main entrance, with North Country Federal Credit Union across Route 5, the Law Office of Gregory Howe to the east, and Green Mountain Electric to the west. The gently sloping, primarily open site offers excellent visibility and access to the Newport-Derby market, with convenient proximity to Interstate 91 Exit 28. The seller previously completed conceptual planning showing the potential for a 10,000-square-foot retail building along with a detached 5,000-square-foot warehouse, providing a useful starting point for evaluating future development. The Newport-Derby corridor is specifically identified by the Town of Derby for regional retail and commercial development and has become the area's primary concentration of national retailers, restaurants, financial services, professional offices, and other commercial uses. The property is also located within the service area of Foreign Trade Zone 286, which may provide potential benefits to qualifying businesses involved in importing or manufacturing. With 3.21 acres, substantial Route 5 frontage, strong traffic exposure, neighboring commercial development, and a location immediately adjacent to Walmart, this is a compelling site for retail, restaurant, office, service, warehouse, or other commercial development. Buyers should confirm proposed uses, permitting, utilities, access, and Foreign Trade Zone eligibility.
Features:
- Elementary School: Derby Elementary
Location:
Route 5, Derby, Vermont 05829, USA
Listed By CENTURY 21 Farm & Forest
The Land for sale, Other Land located at Route 5, Derby, Vermont 05829, USA is currently for sale. Route 5, Derby, Vermont 05829, USA is listed for $349,900 USD. If the property located at Route 5, Derby, Vermont 05829, USA isn't what you're looking for, search Vermont Real Estate to see other Land For Sale in Derby.
