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425 Main Street, Bennington, VT, 05201

6beds
6baths
9,000sqft
$499,000
$55price/sqft
$4,522/moest. monthly cost
$180,880/yrincome needed

About This Home

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 4,000 plus 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 6,000 sq ft and is a blank slate at present but has been prepped for a residential buildout including plumbing for bathrooms, fire alarm and full sprinkler system, electrical service and other new systems in place. Informal plans have configured 2 to 7 possible apartments in this space depending on size and cost vs. income analysis 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. Final state and local permits required for finalized development plan. 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 creative 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.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
55
BikeBikeable

Schools

1/10
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Concrete,Stone
  • Roof: Membrane
  • Construction materials: Steel Frame,Block Exterior,Combination Exterior,Concrete Exterior

Type & Style

  • Home type: Apartment
  • Architectural style: Historic Vintage
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Partial,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 9,000

Heating & Cooling

  • Heating features: Propane,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 16,000
  • Total interior livable area: 9,000 sqft

Property

Details

  • Zoning description: commercial

Features

  • Levels: Two
  • Stories: 2
  • Frontage length: Road frontage: 50

Lot

  • Lot size: 0.28 Acres
  • Features: City Lot

Parking

  • Total spaces: 3
  • Parking features: Paved
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3