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    113 Depot St Bennington, VT 05201

    Sponsored
    For Sale
    $2,500,000

    Prime .88-acre mixed-use land, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.88-acre development site is located in the heart of Bennington, Vermont's vibrant downtown area. The property at 113 Depot Street, zoned for downtown development, boasts fully approved plans for a substantial 60,000 square foot mixed-use building. These approved plans encompass a dynamic blend of commercial space on the ground floor and three levels of residential units above, totaling 60 units. Importantly, the design incorporates 12 units specifically designated as workforce housing. All necessary approvals are in place, including zoning, preservation, and stormwater permits, making this a truly "shovel-ready" opportunity. The asking price is $2,500,000, representing a pro-forma cap rate of 6.00%. The land value is calculated at $2,800,000 per acre. This presents a unique chance to capitalize on the growing demand for mixed-use development in a thriving Vermont community. The property is offered for sale by owner, with a 100% ownership stake available. This is an exceptional investment opportunity for developers seeking a fully permitted and designed project in a prime downtown location. Act quickly to secure this ready-to-build site.

    Property Features for 113 Depot St

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • $2,500,000 asking price for 0.88‑acre land parcel.
    • Downtown Bennington, VT location (113 Depot St, 05201).
    • Fully permitted and designed for a 60,000 sq ft mixed‑use building (60 units, including 12 workforce housing units).
    • Pro‑forma cap rate of 6.00%.
    • $2,800,000/acre land value.
    • For sale by owner; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bennington
    County
    Bennington
    State
    Vermont
    Longitude
    -73.198374
    Latitude
    42.880377

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    FAQs

    What type of property is this?
    Land - Prime .88-acre mixed-use land, ready to build.
    Where is this land located?
    The property is located at 113 Depot St Bennington, VT.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for 0.88-acre land parcel.; Downtown Bennington, VT location (113 Depot St, 05201).; Fully permitted and designed for a 60,000 sq ft mixed-use building (60 units, including 12 workforce housing units).
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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
    113 Depot St Bennington, VT 05201
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