Offered At: $410,000
173 S Main Street, Rutland City VT
This is truly a prime retail location, with the highest traffic count in rutland county. Adjacent to the state fairgrounds. Sale of bldg on leased land with approx. 23 years remaining on ground lease (through april 30, 2034) from the rutland county agricultural society (owner of the rutland state fairgrounds). 3,660 sf main floor, plus 3,600 sf full basement, yields total bldg are of 7,260 sq. Ft. Buyer should run a "net present value" analysis of the bldg using a life of 22+ years. Ground lease presently $576/mo, with escalators,nnn.
Listed by Ault, Ray of Ault Commercial Realty, Inc.
Property Details
- Deed Type: Other
- Road Frontage: 312
- Current Use: Retail Strip, Free Standing Building
- Sale Includes: Building Only
- Lot Size In Acres: 0.43
- Map: 01
- Page: 104-105
- Signage: Adequate
- Property Status: A
- Town:
- Traffic Count: 26000
- Year Built: 1978
- Property Taxes: $5,187
- Construction Wood Frame
- No Stairs From Prkg, Paved Parking, Access. Restroom(s), Access. Parking
- Exterior Wood / Wood Siding
- Financing Conventional
- Foundation Poured Concrete
- Fuel Propane
- Air Conditioning Unit,Hot Air
- Location Other
- Misc. Security System
- Parking On Site, Paved, 21+ Spaces
- Roof Metal
- Sale Includes: Building Only
- Transport Access City Street,Major Road Access,State Highway
- Current Use: Retail Strip, Free Standing Building
- Utilities Cable Available, Public Sewer, Public Water
- Basement Partially Finished, Storage Space, Concrete Floor, Full
- Floors Wood,Carpeted
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