MLS Number 4888929
- Year Built 1865
- Acreage 10.7
- NOI 497000
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!
Listed by Lillian West of Maple Leaf Realty