240 244 248 St Bennington, VT 05201
- Commercial real estate
- 4,500 SF
- 0.68 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 240 244 248 St
- Year built
- 1900
- Lot size
- 0.68 lot acres
- Property size
- 4,500 SF
- Property type
- Commercial real estate
Description
This exceptional 0.68-acre property in Bennington, VT, presents a unique investment opportunity. Three contiguous lots totaling 4,500 square feet, located at 240, 244, and 248 North Street, offer high visibility on Route 7, a major thoroughfare connecting southern Vermont to Burlington. Currently configured as mixed-use structures (apartments and retail), these properties benefit from their prime location near established businesses like Dunkin' and Subway. The site's deep lots allow for ample parking and flexible driveway configurations. This investment is particularly attractive given Bennington's ongoing revitalization, including a $50 million project at the historic Hotel Putnam, which will introduce new office spaces, shops, restaurants, galleries, and multiple downtown parks. The property's proximity to the Southwestern Vermont Medical Center (a Dartmouth-Hitchcock affiliate) further enhances its appeal. The surrounding area offers abundant recreational opportunities, including fly-fishing, mountain lakes, skiing, snowshoeing, and farmers' markets. This is a chance to capitalize on the early stages of redevelopment in a growing Vermont town, with the potential for continued use as apartments and retail or complete reimagining to suit the buyer's vision. The asking price is $745,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bennington
- County
- Bennington
- State
- Vermont
- Longitude
- -73.1972
- Latitude
- 42.8839
