The nursery closed on 25 September after the business was sold to Hillier, but owners Colin and Judi Holmes are keeping the land, with a view to develop on it.
The business, which supplies "horticultural fulfilment" including hedging, shrubs and compost, was on a 2.8ha site on the edge of Littleton and ran from 1976.
Colin and Judi Holmes have presented four potential ideas to local residents: employment use, mixed housing and employment, residential use, and mixed use employment including a care home and housing.
Colin Holmes said: "We're just moving on. Hillier has taken the goodwill and we're keeping the land. We're going to develop on it. We're still running a small part of the business with bark and compost and bulk bags."
Hillier managing director Andy McIndoe said he is launching a Hillier Hedging Centre to help centres sell more hedging with advice, marketing materials and 24 hedging varieties.