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Listed by Marek Kovac • TPW Real Estate
$ 950,000
Est. payment /mo
Price Dropped by $25K
124 Elm ST Bennington, VT 05201
8,888 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,888 sqft
Price per Sqft $106
MLS Listing ID 5072098
Construction Status Existing
Year Built 1890
Annual Tax Amount $17,529
Tax Year 2024
Lot Size 0.470 Acres
Acres 0.47
Property Description
A rare opportunity to acquire one of Southern Vermont's most adaptable residential investment properties. Currently known as the South Shire Inn, this landmark Victorian estate offers investors immediate income potential along with exceptional opportunities for future residential or mixed-use redevelopment. The property includes nine guest accommodations, owner's quarters, expansive common areas, a detached carriage house with additional guest accommodations, a commercial kitchen, and an established Thai restaurant providing existing rental income. Its flexible floor plan and MU1 zoning support a variety of permitted residential and mixed-use possibilities, including multifamily conversion, long-term or short-term rentals, workforce housing, owner occupancy, senior living, residential care, and other redevelopment opportunities, subject to local approvals. Originally built in 1887 by renowned architect William C. Bull, the property has been thoughtfully restored while preserving its architectural character. Located within walking distance of downtown Bennington's shops, restaurants, and cultural attractions, it offers investors a distinctive asset with exceptional long-term flexibility and redevelopment potential. 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 Basement Stairs, Concrete, Concrete Floor, Exterior Access, Exterior Stairs, Finished, Insulated, Interior Access, Interior Stairs, Locked Storage, Storage Space
Interior
Cooling Individual, Mini Split
Exterior
Utilities Available Cable, Other
Waterfront Description No
View Y/N No
View No
Roof Type Architectural Shingle
Building
Story 3
Sewer Public
Architectural Style Victorian
Construction Status Existing
