520 Main StreetBennington, VT 05201MLS Number 4968393

  • Price: $385,000
  • 30 Days on Market
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Federal 30-year interest rate: 7.31% last updated on Sep 28, 2023
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  • 0.05Acreage
  • 4,088Square Feet
  • 2021Tax Year
  • ActiveMLS Status

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Listed by Elliott Nachwalter and Kristin Comeau of TPW Real Estate
The “Geannelis” building, a downtown landmark since 1930, is being offered as a rare live/work commercial opportunity! Income-producing apartment on the second floor with room for expansion. Bring your dream to vibrant Downtown Bennington. Join the growing local foodie scene or transform this central Main Street location into your own gallery, retail space, or transform to professional use. The building is offered at $385,000.00 as is without fixtures and or restaurant equipment. The 1st floor has a fully equipped dining room, bar, and commercial kitchen suitable for up to 60 guests. The popular Allegro Restaurant had been located here for 16 successful years, until their 4/15/23 retirement. The spacious loft-style apartment above, with a separate entrance, is available for your use or to lease for additional income. The apartment tenant is to receive a 48-hour notice of showings. Deeded private parking, as well as the municipal parking lot, are steps away. Financials are available upon request. NDA & seller approval are required to share financial information. Property is being sold AS IS. Price does not include restaurant fixtures/equipment which may be purchased separately.

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More Info

Basic Information

  • PermissionDeed, Tax Map

Building

  • ConstructionMasonry, Wood Frame
  • FoundationConcrete
  • Square Feet4,088
  • BasementFull
  • Garage Spaces

Property

  • Acreage0.05
  • Parking Spaces
  • Property TypeCommercial Sale
  • AreaBusiness District, Commercial Zoning, In Town, Near Country Club, Near Hospital
  • Lot Sqft2,178
  • Road Frontage36

Tax Information

  • Tax Year2021

Location

  • Building Number520
  • StreetMain Street
  • TownBennington
  • StateVT
  • Zip05201
  • CountyBennington

Exterior

  • ExteriorBrick
  • RoofShingle - Asphalt

Utilities

  • FuelOil

Legal

  • Taxes$6,725.01
  • Price/SF$94.18
  • OtherStructuresBuilding, Building Only, Equipment, Land/Building
  • ZoningDowntown
  • Excluded From SaleAll personal property of the tenant in the second-floor apartment. All restaurant furnishings and equipment.

Basic Information

  • StatusACT
  • Modification Date09/05/2023
  • TypeHospitality, Investment, Multi-Family, Office, Retail
  • List Price$385,000
  • Broker NameTPW Real Estate
  • Listing Agent NameElliott Nachwalter
  • Lister Office NameTPW Real Estate
  • MLS Number4968393
  • MLS StatusActive

Amenities

  • Accessibility AmenitiesPaved Parking

Other

  • AC percent50
  • Transport AccessCity Street, Paved, Public Transportation
  • Date Listed09/02/2023
  • View Count5
Ault Commercial Realty

Your Local Office

More Info »
Ault Commercial Realty
Office: 802.773.0600
PO Box 6306
Rutland, VT 05702
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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 2, 2023 7:54 AM EDT

 

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