Developement Opportunity or Private Homestead - you choose! This 44.6 acre parcel is located on the corner of East Hill Road and Route 14 South in East Montpelier - just 15 minutes from downtown Montpelier. It is divided into two optimal zoning districts - Rural Residential and Industrial. Approximately 6 acres of the parcel is industrially zoned land with 1 acre minimum requirements and has over 750 feet of road frontage along Route 14 South. Prime Exposure! The remaining 38 acres are zoned rural residential/agriculture and have a 3 acre minimum zoning requirement and can be accessed from East Hill Road. Whether you are looking for a large private retreat close to Downtown Montpelier, or the opportunity to create a family compound/housing development, this 40+ acre property is priced under $300K, has multiple use possibilities, and is extremely versatile.