Historic Downtown Mixed Use/ Redevelopment Play

Retail-Commercial for Sale
Catylist Listing ID: 30852499
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 22,420 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $39.92 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2024

Overview / Comments

Bellows Falls is an incorporated village located in the town of Rockingham in Windham County, Vermont. Bellow Falls abuts the Connecticut river separating VT from NH, and is located 1 hour east of Manchester VT, and 30 Min north of Brattleboro VT & Keene NH.

The community was settled in 1753 by colonists of English descent, who called it Great Falls. Later the settlers renamed the town for Colonel Benjamin Bellows, a landowner, but kept the name Great Falls for the waterfall.

Visitors to this charming town can find a multitude of restaurants and shops, take advantage of picturesque views of the Connecticut River and Fall Mountain. The downtown is very walkable, and residents and visitors enjoy easy walks through the Village, hiking and biking trails on the surrounding mountains.

Nestled in the downtown square is 39-41 The Square which is a 22,420 SF masonry building comprised primarily of office space with street retail units on the ground floor. Notable tenants include H&R Block Simone's Styling Salon, Greater Falls Community Alliance.

Additional Details

Nearest MSA: Bennington
County: Windham
Submarket Type: Central Business District
Tax ID/APN: 528-166-11277
Zoning: CENTRAL BUISNESS
Property Visibility: Excellent
Largest Nearby Street: Square
Feet of Frontage: 223
Traffic/Vehicle Count: 5,615
Highway Access: I-91, US-5, NH RT 12
Airports: Lebanon (LEB) Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1875
Roof Type: Flat
Construction/Siding: Brick
Passenger Elevators: 1
Sprinklers: Dry
Heat Type: Oil
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: The purpose of the CB7 district is to maintain the traditional downtown as the social, commercial, cultural and civic center of the community while protecting the area’s pedestrian scale, historic character and economic vitality.
Lot Frontage: 223
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,882 5,700 10,979
Median Age: 35.71 40.87 43.13
Households: 753 2,406 4,564

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