423-425 Main St - Office/Residential FOR SALE


Bennington, VT 05201
$499,000 USD
802-345-8477
423-425 Main St, Bennington, VT for Sale
$499,000 USD
Office/Residential - FOR SALE
1/19
null | Request Cap Rate

423-425 Main St
Bennington, VT 05201


OVERVIEW

15,000 plus sq. ft. commercial/office/retail/residential building on Main St in Downtown Bennington VT. On the ground level there are two prime street front retail spaces on Main Street one the long-term home of the Bennington Banner plus a 5,000 plus or minus sq ft flex space in the rear of the building with great access consisting of open warehouse space ideal for light manufacturing (3 Phase Power), R & D, climate controlled storage, or if you are a service provider company (electrical, plumbing and heating, etc.) in need of more space for at grade storage of inventory, vehicles and offices with easy access it is ideal space to run a service business from. Significant renovations have been completed to the interior 2nd floor of the building. This space is roughly 8,000 sq ft and is a blank slate at present but has many possible income producing uses such as buildout of residential apartments, professional offices or possibly a large in-town owners' residence with skiing, hiking and other year-round outdoor recreational opportunities in the Green Mountain National Forest and Lakes and Rivers within it just a short drive away. This space combined with the flex space and retail storefronts along main street would be an ideal mixed-use income property. If creating value and optimizing income with intelligent development of a fantastic building is intriguing, this is an unbelievable and very unique opportunity. At this price point it would be challenging to find another commercial/residential building of this size and condition with this much potential to be solid income property with tremendous equity gain in a very quick timeframe.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$33 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

Commercial

APN/PARCEL ID

(015)50-56-35-00

ASK ABOUT THIS PROPERTY

Chris LongBHG Masiello BrattleboroMore Info
802-345-8477

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Chris LongBHG Masiello BrattleboroMore Info
802-345-8477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.