59 Harwood Hill Rd Bennington, VT 05201
- Commercial real estate
- 12,000 SF
- 0.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 59 Harwood Hill Rd
- Year built
- 1971
- Lot size
- 0.62 lot acres
- Property size
- 12,000 SF
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $395,000
- 6.5%
- $390,000
- 7%
- $425,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $475,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $395,000
- Mixed-Use
- $375,000
- Hospitality
- $335,000
- Educational
- $340,000
- Residential Income
- $375,000
- Energy
- $375,000
- Income-Based Land
- $355,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Bennington
- County
- Bennington
- State
- Vermont
- Longitude
- -73.212
- Latitude
- 42.9017
- CBSA code
- 13540
- CBSA name
- BENNINGTON, VT MICROPOLITAN STATISTICAL AREA