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20766551
20766552

124 Elm St, Bennington, VT 05201 For Sale

MK
VT 082.0117501
TPW Real Estate
Listed by TPW Real Estate
$950,000
551 days on market
Updated 1 day ago
Opportunity zone

Southern Vermont's most versatile commercial properties.

Details
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building, Hotel
Square Footage 6,388
Units 9
Beds 10
Cap Rate 11.68%
NOI $111,000
Pro-Forma Cap Rate 20.74%
Pro-Forma NOI $197,000
Price per SqFt $149
Broker Co-Op Yes
Class A
Year Built 1887
Year Renovated 1990
Buildings 2
Stories 3
Acreage 0.470
Zoning MU-1
Investment Type Owner/User
Ground Lease No
Sale Condition For sale by owner

Southern Vermont's most versatile commercial properties.

Marketing description

Landmark Mixed-Use Investment Opportunity | Seller Financing & Lease-to-Own Available

Seller financing and lease-to-own opportunities are available for qualified buyers.

Located just steps from downtown Bennington, this restored 6,388-square-foot Victorian landmark is one of Southern Vermont's most versatile commercial properties. While currently operating as the successful South Shire Inn, the property's greatest strength is its flexibility to support a wide variety of future business, residential, and institutional uses.

Originally constructed in 1887 by renowned architect William C. Bull, the property includes nine guest accommodations, elegant common areas, owner's quarters, a commercial kitchen, a detached carriage house with additional guest accommodations, and a Thai restaurant leased to a successful long-term tenant providing an established income stream.

The property's layout and MU1 zoning create opportunities for boutique hospitality, multifamily or mixed-use redevelopment, professional offices, executive retreat facilities, wellness concepts, senior living, residential care, educational or institutional uses, event venues, restaurant expansion, and numerous other permitted commercial uses, subject to local approvals.

Whether an investor is seeking an income-producing asset, a developer is pursuing adaptive reuse, an owner-user is searching for a unique commercial property, or a hospitality operator wants to continue an established business, this offering provides flexibility that few properties can match.

Ideally positioned within walking distance of downtown Bennington and conveniently located between Manchester, Williamstown, and the Berkshires, the property benefits from year-round tourism, recreation, higher education, and cultural attractions.

Financial information, operating history, and additional due diligence materials are available to qualified buyers upon execution of a confidentiality agreement.

Investment highlights

Landmark 6,388 SF Victorian property built in 1887

Prime walkable downtown Bennington location

Nine guest accommodations plus owner's quarters

Detached carriage house with additional guest accommodations

Established Thai restaurant tenant providing rental income

Commercial kitchen and hospitality infrastructure already in place

MU1 zoning supporting a broad range of commercial, residential, and mixed-use opportunities

Boutique hotel, multifamily, office, wellness, senior living, educational, institutional, and adaptive reuse potential (subject to approvals)

Existing operating business with strong reputation and loyal clientele

Seller financing available for qualified buyers

Lease-to-own acquisition structure available

Financials and due diligence available under NDA

Listing Contacts

MK
VT 082.0117501
TPW Real Estate
Listed by TPW Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$111,000.00
$9,250.00/mo

Valuation Metrics

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DSCR
11.68%
Cap Rate
11.68%
ROI

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