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230 School Street, Bennington, VT, 05201 | $2,950,000
Seller financing available for qualified buyers. Multi-building campus with income today and substantial redevelopment upside. Approx. 56, 000 SF, 3-story indoor sports facility + approx. 22, 000 SF, four-story 1889 Old Catamount High School + 2, 500 SF renovated annex house. Recent upgrades include new roofs, new gym build-out, updated electrical, sprinklers, heating, and fire/smoke systems. Sports facility: 1st floor features brand-new full-size basketball/futsal/volleyball courts, lounges and offices, gift shop, multiple locker rooms with showers, trainer room, Fair Play Café with permitted commercial kitchen (~$50K in equipment), theater/dance area, game/yoga rooms, and laundry/maintenance. 2nd floor offers a 3BR/2BA apartment, storage, and eight converted classrooms (~60 beds). 3rd floor includes three 1BR coach apartments, players’ lounge, equipment room, and eight additional sleeping rooms (~60 beds) with shared bath/shower rooms. Historic school: reception, offices/classrooms, fitness/yoga rooms, locker rooms, two baseball cages, game room, maintenance areas, plus a fourth-floor historic amphitheater and small courts. Annex house (renovated): new kitchen/appliances, plumbing, furnace, electric; primary suite, two additional bedrooms, living room, laundry, and two baths with showers. Keep current income (YMCA, parking, annex) while pursuing concept plans showing up to ~36 apartments, subject to municipal approvals. Shown by appointment.
Features
- Units: 3
- Zoning: Downtown District
- Year Built: 1960
- Approx Sq. Feet: 67,000
- Acreage: 3
- Est. Taxes: $19,225
- MLS#: 5058163
- Website: https://www.raveis.com
/prop/5058163/230schoolstreet_bennington_vt?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/14/2026Listing courtesy of TPW Real Estate Phone: 802-366-1430
Listing Agent: Marek Kovac
William Raveis Family of Services
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
230 School Street, Bennington, VT, 05201
$2,950,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,360,000 | $2,360,000 | $2,360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,602 | $1,602 | $1,602 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,215 | $14,340 | $19,756 |
| Total Monthly Payment | $14,942 | $16,067 | $21,483 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484