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    OFF-MARKET
    Commercial real estate

    240 244 248 St, Bennington, VT 05201

    4,500 SF 0.68 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1900
    Total area 4,500 SF
    Lot 0.68 ac (29,621 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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