423-425 Main St
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423-425 Main St
15,179 SF 100% Leased Office Building Bennington, VT 05201 $575,000 ($38/SF)
Investment Highlights
- Configured for offices and a store front on main street type use.
Executive Summary
Located in the heart of downtown Bennington VT sits this 15,000 plus sq. ft. commercial/office/retail building. This versatile building is able to conform to many uses and configurations. Currently there are two anchor tenants on the main level street front retail spaces and a large open warehouse in the back with its own access from a back side street that is approx. 4,000 sq. ft. with overhead door and other access for deliveries/ parking. This space has 3-phase power, tall ceilings and a ton of potential including indoor parking if the second floor was to be built out into residential units. Significant renovations have been completed to the interior and exterior of the building. The fire suppression system and alarm has been completely redone, the electrical system is new to the second floor, heating system upgrades, on demand HW system upgrades, electrical upgrades, membrane roofing and much more. The second floor could add a tremendous residential income component to the property and could result in an attractive CAP rate. It is prepped with HVAC ducts, wiring, plumbing and is sprinkled. This space could also be utilized as professional office space. A beautiful building in great condition in a fantastic location with highest and best use options that are adaptable to the new owner's visions.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
15,179 SF
Building Class
B
Year Built
1900
Price
$575,000
Price Per SF
$38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,590 SF
Building FAR
1.24
Lot Size
0.28 AC
Opportunity Zone
Yes
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | (015)50-56-35-00 | Improvements Assessment | $346,300 |
Land Assessment | $110,700 | Total Assessment | $457,000 |
PROPERTY TAXES
Parcel Number
(015)50-56-35-00
Land Assessment
$110,700
Improvements Assessment
$346,300
Total Assessment
$457,000
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423-425 Main St
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