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Listed by Marek Kovac • TPW Real Estate
$ 950,000
Est. payment /mo
Price Dropped by $275K
124 Elm ST Bennington, VT 05201
6,388 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,388 sqft
Price per Sqft $148
MLS Listing ID 5029040
Year Built 1890
Annual Tax Amount $17,529
Tax Year 2024
Lot Size 0.470 Acres
Acres 0.47
Property Description
An exceptional opportunity to acquire one of Southern Vermont's most versatile commercial properties. Currently known as the South Shire Inn, this landmark Victorian estate offers exceptional flexibility for investors, developers, owner-users, hospitality operators, and entrepreneurs seeking a property with multiple future possibilities. Originally built in 1887 by renowned architect William C. Bull, the beautifully restored property includes nine guest accommodations, elegant common areas, owner's quarters, a detached carriage house with additional guest accommodations, a commercial kitchen, and an established Thai restaurant providing existing rental income. The property's flexible layout and MU1 zoning support a wide variety of permitted commercial and mixed-use applications, including hospitality, restaurant, professional office, event, wellness, residential care, and other investment opportunities, subject to local approvals. Whether a buyer chooses to continue the existing hospitality operation or reposition the property for another permitted use, this offering provides flexibility rarely found in today's market. Ideally located within walking distance of downtown Bennington and centrally positioned between Manchester, Williamstown, and the Berkshires, the property benefits from year-round tourism, recreation, higher education, and cultural attractions. Seller financing and lease-to-own opportunities may be available for qualified buyers.
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning MU1
Rooms
Basement Entrance Interior
Basement Concrete Floor, Interior Stairs, Other, Unfinished
Interior
Inclusions Additional Buildings, Building, Equipment, Furnishings, Inventory, Land/Building/Business
Exterior
Utilities Available Telephone Available
Roof Type Architectural Shingle
Building
Sewer Public
Others
Virtual Tour https://www.youtube.com/watch?v=EJMY8I7-mB8
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Shayla Faye
REALTOR® | License ID: 072650