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160 Benmont AvenueBennington, VT 05201Price: $5,000,000

  • Price: $5,000,000
  • 30 Days on Market
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Federal 30-year interest rate: 3.1% last updated on Nov 24, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $5,000,000List Price
  • 10.7Acreage
  • 160,782Square Feet
Listed by Lillian West of Maple Leaf Realty
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Opportunity of a lifetime! Imagine owning one of America's largest historic mills? Built in 1865 additions into 1935 and strategically placed in the heart of the thriving Bennington town, this mill began with Civil war uniforms, then continued as a woolen mill for decades, went on to become a knitting factory and a paper mill too. In the early 1900's over 1/3 of the area was employed here. Since the current owner invested into in the 1980's and 90's, it has continued to grow and is now a booming mixed use building nearly at full occupancy creating space for medical and counseling offices, College classrooms, Gyms and health oriented spaces, Manufacturing companies, design studios, attorney offices, retails stores, auto work, graphic designers, artist studios, storage spaces and even housing! You name it, it can be done here. The potential is unlimited. There is a huge need for housing in our area and the prospect for condo units in this place is viable. To rebuild this incredible structure with the wood beams, steel infrastructure and brick construction would cost over 25 million in todays dollars. The entire building has been updated with electrical, plumbing, heating and an elevator system. With all the new, there is still so much character from the many lifetimes this property has traveled through. The outbuildings in the back could be sold for hundreds of thousands of dollars themselves if listed separately. With nearly 11 acres and plenty of parking plus river frontage!

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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. 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 November 29, 2021.

 

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