113 South Street, Bennington, VT, 05201 | $200,000

It's time to retire! Do you want to take over this cornerstone shop, the largest independently-owned art supply store in Vermont? Steeped in history and brimming with character, Jay's Art Shop & Frame Gallery presents a rare opportunity to own a piece of Bennington's rich heritage. Established in 1972, this beloved local institution has been a fixture of the community for over 50 years. Nestled within the walls of the beautifully preserved Drysdale building that dates back to 1865 and boasts approximately 5000 square feet of retail space, plus the same in basement storage. Jay's Art Shop & Frame Gallery offers a delightful combination of historical charm and modern convenience. Ample retail space with flexible layout options: Original wooden floors that showcase the building's history Captivating storefront windows, perfect for showcasing unique art pieces and merchandise. Off-street parking with an adjacent lot for customers As you step inside, you're greeted by an inviting and well-organized interior that houses an impressive collection of art supplies, custom framing services, clothing, greeting cards, and more. The store's 10 distinct departments offer something for everyone, making it a go-to destination for locals and tourists alike. This exceptional business is within walking distance of a myriad of local shops, ensuring a steady stream of foot traffic. Don't miss this opportunity to own a cherished piece of Bennington history. *This is a business listing only*

Features

  • Property Type: Business,Retail
  • Zoning: Downtown
  • Year Built: 1876
  • Acreage: 0.12
  • Est. Taxes: $13,923
  • MLS#: 5009759
  • Website: https://www.raveis.com
    /prop/5009759/113southstreet_bennington_vt?source=qrflyer
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Listing courtesy of Maple Leaf Realty   Phone: 802-447-3210
Listing Agent: Will Paquin

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Our Insurance Division:

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113 South Street, Bennington, VT, 05201

$200,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $160,000 $160,000 $160,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment $1,160 $1,160 $1,160
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,064 $1,051 $1,349
Total Monthly Payment $2,299 $2,286 $2,584

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.