Property Details

Property Description

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.