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    59 Harwood Hill Rd Bennington, VT 05201

    Sponsored
    For Sale
    $649,000

    High-yield, fully leased investment property.

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A commercial property, located at 59 Harwood Hill Road in Bennington, Vermont (zip code 05201), presents a lucrative investment opportunity. The 12,000 square foot building, constructed in 1970 and situated on a 0.62-acre lot, is zoned for Planned Commercial use. The property boasts a diverse tenancy, currently operating at 100% occupancy, generating a strong 8% cap rate. The asking price is $649,000, translating to $54.08 per square foot. The property features a mix of office and self-storage space, including a climate-controlled storage facility equipped with a loading dock. Recent renovations have significantly enhanced the property, including upgrades to the HVAC system, installation of new dividing walls, flooring, and lighting. The property's strong cash flow, coupled with the potential for future expansion on the ample lot, makes this a compelling investment. The property is a multi-tenant NNN lease structure. This prime location on Northside Drive and Harwood Hill offers excellent visibility and accessibility. The property is a turnkey operation, providing immediate income and significant long-term growth potential.

    Property Features for 59 Harwood Hill Rd

    General Information

    Property type
    Self storage facilities
    Square Feet
    12,000 SF
    Class
    A
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1970

    HighLights

    • Class A, 12,000 SF commercial building in Bennington, VT (05201) on a 0.62‑acre lot.
    • Planned Commercial zoning, 100% occupancy, 8% cap rate, $649,000 asking price ($54.08/SF).
    • Mix of office and climate‑controlled self‑storage space with loading dock; recent renovations including HVAC, walls, flooring, and lighting.
    • Multi‑tenant NNN lease structure; excellent visibility and accessibility on Harwood Hill Road.
    • Turnkey operation with strong cash flow and expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bennington
    County
    Bennington
    State
    Vermont
    Longitude
    -73.211981
    Latitude
    42.9017291

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    FAQs

    What type of property is this?
    Self storage facility - High-yield, fully leased investment property.
    Where is this self storage facility located?
    The property is located at 59 Harwood Hill Rd Bennington, VT.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Class A, 12,000 SF commercial building in Bennington, VT (05201) on a 0.62-acre lot.; Planned Commercial zoning, 100% occupancy, 8% cap rate, $649,000 asking price ($54.08/SF).; Mix of office and climate-controlled self-storage space with loading dock; recent renovations including HVAC, walls, flooring, and lighting.
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    59 Harwood Hill Rd Bennington, VT 05201
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    Bennington, VT 05201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    59 Harwood Hill Rd Bennington, VT 05201
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