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Opportunity Zone
Bennington Development Opportunity
Mixed Use
Listing Contacts
License: 082.0134547
License: 082.0134332
Active
Asking Price: $745,000
Earnest Money Deposit: 10% min.
Listing Broker NameCheyanne Carla Pugliese
Address (3 locations)
240 North St, Bennington, VT 05201
Show on Map244 North St, Bennington, VT 05201
Show on Map248 North St, Bennington, VT 05201
Show on MapDate Added
Apr 15, 2024
Days on Market
337 days
Time Since Last Update
74 days
Details
Property TypeMixed Use, Multifamily, Retail
SubtypeSingle Family Rental Portfolio, Development Opportunity
Investment TypeValue Add
Investment Sub TypeRedevelopment
Square Footage4,500 - 5,628
Units6
Year Built1990
Buildings3
Stories2
Lot Size (acres)0.68
OwnershipOwned by Seller
Marketing Description
This is an opportunity to capture a high visibility, premiere commercial location in downtown Bennington. The town is being revitalized with a $50 million project in the historic Hotel Putnam block that will include new office spaces, shops, restaurants and galleries, along with multiple new downtown parks. These three contiguous, oversized lots with mixed-use structures are located nearby on Route 7, the main road connecting southern Vermont to Burlington. This well-trafficked street includes Dunkin' Donuts and Subway. Properties can continue to be used as apartments and retail, or the next owner can bring their vision and completely reimagine this 0.68 acre parcel. Deep lots offer the possibility for parking and multiple driveway configurations. The Bennington area offers proximity to nature with fly-fishing, mountain lakes, skiing, snow shoeing and wonderful farmers' markets. The town is home to Southwestern Vermont Medical Center, a Dartmouth-Hitchcock affiliate. This is your chance to invest early in the redevelopment phase in an up-and-coming, large Vermont town.
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Property History
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Due Diligence
Listing Contacts
- License: 082.0134547
- License: 082.0134332
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Broker Information
Broker Name
Cheyanne Carla Pugliese
Broker License
082.0134332
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