230 School St Bennington, VT 05201

This multi-building campus in Bennington, VT, presents a redevelopment opportunity with existing income streams. The property includes an approximately 56,000 SF, three-story indoor sports facility, an approximately 22,000 SF, four-story 1889 Old Catamount High School, and a 2,500 SF renovated annex house, all situated on a 3-acre lot. Recent upgrades encompass new roofs, a new gym build-out, updated electrical, sprinklers, heating, and fire/smoke systems. The sports facility's first floor features full-size basketball/futsal/volleyball courts, lounges and offices, a gift shop, multiple locker rooms with showers, a trainer room, a café with a permitted commercial kitchen, a theater/dance area, game/yoga rooms, and laundry/maintenance facilities. The second floor contains a 3BR/2BA apartment, storage, and eight converted classrooms with approximately 60 beds. The third floor offers three 1BR coach apartments, a players’ lounge, an equipment room, and eight additional sleeping rooms with shared bath/shower rooms, also accommodating approximately 60 beds. The historic school building includes a reception area, offices/classrooms, fitness/yoga rooms, locker rooms, two baseball cages, a game room, maintenance areas, a fourth-floor historic amphitheater, and small courts. The renovated annex house features a new kitchen with appliances, new plumbing, a new furnace, and updated electric systems, along with a primary suite, two additional bedrooms, a living room, laundry facilities, and two bathrooms with showers. The property is zoned Downtown District. Concept plans show potential for up to approximately 36 apartments, subject to municipal approvals. Current income is generated from the YMCA, parking, and the annex. Seller financing is available for qualified buyers.