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423-425 Main St 15,179 SF 20% Leased Office Building Bennington, VT 05201 $679,713 CAD ($44.78 CAD/SF)



Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
15,179 SF
Building Class
B
Year Built/Renovated
1900/2024
Price
$679,713 CAD
Price Per SF
$44.78 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,590 SF
Building FAR
1.24
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
Commercial
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | (015)50-56-35-00 | Improvements Assessment | $470,542 CAD |
| Land Assessment | $150,416 CAD | Total Assessment | $620,958 CAD |
Property Taxes
Parcel Number
(015)50-56-35-00
Land Assessment
$150,416 CAD
Improvements Assessment
$470,542 CAD
Total Assessment
$620,958 CAD
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423-425 Main St
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