113 Depot StBennington, VT 05201

Property Details for 113 Depot St

Lot size

0.88 AC

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.

• Alternative Use

  Use

  Valuation

  Residential

  $10,899,613

  Hospitality

  $9,983,987

  Educational

  $8,306,560

  Medical

  $8,592,235

  Retail

  $12,921,315

Location Insight

City

Bennington

County

Bennington

State

Vermont

Latitude

42.8804

Longitude

-73.1984

CBSA code

13540

CBSA name

BENNINGTON, VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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