List Price: $340,000 | $83 per sq.ft. Commercial
Space type Food Service,Storefront
Price Change! Reduced by $45,000 down 13% on May 10th 2024
Date Listed Friday Sep 1, 2023 | MLS# 4968393
Space type Food Service,Storefront
Price Change! Reduced by $45,000 down 13% on May 10th 2024
Date Listed Friday Sep 1, 2023 | MLS# 4968393
To see this Listing
Address: 520 Main Street Bennington VT
Listed by Elliott Nachwalter TPW Real Estate
Description:
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 is vacant and available to see anytime. 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.
Location : Business District | Commercial Zoning | In Town | Near Country Club | Near Hospital
Building Type : Hospitality | Investment | Multi-Family | Office | Retail
Disability Features : Paved Parking
Misc : Additional Outbuildings | Furniture Included | Living Space Available
Sale Includes : Building Only | Equipment | Land/Building | Building
Listed by Elliott Nachwalter TPW Real Estate
Description:
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 is vacant and available to see anytime. 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.
Location : Business District | Commercial Zoning | In Town | Near Country Club | Near Hospital
Building Type : Hospitality | Investment | Multi-Family | Office | Retail
Disability Features : Paved Parking
Misc : Additional Outbuildings | Furniture Included | Living Space Available
Sale Includes : Building Only | Equipment | Land/Building | Building
Features
Signage: Some
Transport Info: City Street | Public Transportation | Paved
Signage: Some
Transport Info: City Street | Public Transportation | Paved
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 0
Masonry | Wood Frame | Brick Exterior
Price Per SQ.FT. 83.17 No. of Units: 0
Building Size : 4088
Building Type: Hospitality | Investment | Multi-Family | Office | Retail
Year Built: 0
Masonry | Wood Frame | Brick Exterior
Price Per SQ.FT. 83.17 No. of Units: 0
Building Size : 4088
Building Type: Hospitality | Investment | Multi-Family | Office | Retail
ExteriorRoof: Shingle - Asphalt
InteriorBasement: Full
Land Information
Lot size: 0.1 acres
Zoned: Downtown
Flood Zone: No
Road Frontage: 36
Garage And Parking: Assigned | Deeded | Off Premises | Off-Site | Off Street | On-Site | On Street | Other | Parking Spaces 2 | Paved
Road Frontage: 36
No. of Docks | 0.
UtilitiesUtilities: Cable - Available | Gas - LP/Bottle | Multi Phone Lines | Telephone Available
AC % | 50.
Additional Information
Docs Available : Deed | Tax Map
Easement - Yes
Taxes $6,725
Assesed Value Not Reported
Docs Available : Deed | Tax Map
Easement - Yes
Taxes $6,725
Assesed Value Not Reported
Schools
