59 Harwood Hill RdBennington, VT 05201

Property Details for 59 Harwood Hill Rd

Year built

1971

Lot size

0.62 AC

Property size (Sq ft)

12,000 SF

Property type

Other commercial real estate

APN

(015)36-50-03-00

APU

1536500300

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,412,082

  Hospitality

  $3,125,449

  Educational

  $2,600,337

  Medical

  $2,689,766

  Retail

  $4,044,969

Location Insight

City

Bennington

County

Bennington

State

Vermont

Latitude

42.9017

Longitude

-73.212

CBSA code

13540

CBSA name

BENNINGTON, VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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