113 Depot St Bennington, VT 05201
- Commercial land
- 0.88 lot acres
Current Use by Public Records
- Commercial land
Property Details for 113 Depot St
- Lot size
- 0.88 lot acres
- Property type
- Commercial land
- APN
- (015)50-51-71-00
- APU
- 1550517100
Description
This exceptional 0.88-acre development site is located in the heart of Downtown Bennington, Vermont. Priced at $2,500,000, this property presents a unique opportunity for a mixed-use development. All necessary approvals are in place, including zoning, preservation, and stormwater permits, streamlining the development process. The approved plans encompass a substantial 60,000 square foot building, strategically designed to maximize its central location. The building's design incorporates a vibrant commercial space on the ground floor, perfectly suited for retail or restaurant businesses, capitalizing on the high foot traffic of the downtown area. Above the commercial space, three floors of residential units are planned, totaling 60 units. A significant portion of this residential space, 12 units, is designated as workforce housing, addressing a critical need in the community and potentially qualifying for various incentives and grants. This development offers a compelling blend of commercial and residential uses, promising strong returns on investment while contributing to the revitalization of Bennington's downtown core. The site's prime location and the comprehensive approvals already secured make this a truly exceptional investment opportunity. The property's size and zoning allow for a significant and impactful development project. This is a rare chance to acquire a fully permitted site ready for immediate development in a thriving Vermont town.
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
- -73.1984
- Latitude
- 42.8804
- CBSA code
- 13540
- CBSA name
- BENNINGTON, VT MICROPOLITAN STATISTICAL AREA
