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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
An exceptional opportunity to acquire the historic South Shire Inn, a meticulously restored Victorian property in the heart of Bennington. Originally built in 1887 by renowned architect William C. Bull, this landmark property offers exceptional flexibility for its next owner. Currently operating as a successful turnkey boutique inn, it features beautifully appointed guest rooms, many with fireplaces, inviting common areas, owner's quarters, a detached carriage house with additional guest accommodations, and an established restaurant leased to a thriving Thai restaurant serving lunch and dinner. The property is newly zoned for additional uses, including a restaurant, bar/lounge, and catering services on the grounds, creating opportunities to expand the existing business or explore other permitted uses. Whether you're looking to continue operating a boutique inn, create a private estate, pursue residential or commercial redevelopment, or explore other investment opportunities, the property's layout, location, and flexibility make it well suited for a variety of future possibilities, subject to applicable approvals. The South Shire Inn has an established reputation, loyal clientele, well-maintained operational systems, and a rich history, providing a strong foundation for continued success. Ideally located in Bennington between the shopping and dining of Manchester and the cultural attractions of Williamstown and the Berkshires, the property offers convenient access to year-round recreation, arts, and tourism, making it an exceptional opportunity for owner-operators, investors, or buyers seeking a distinctive Southern Vermont property.
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning MU1
Rooms
Basement Entrance Interior
Basement Concrete, Concrete Floor, Finished, Insulated, Exterior Stairs, Interior Stairs, Locked Storage, Storage Space, Interior Access, Exterior Access, Basement Stairs
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
MORTGAGE CALCULATOR
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