Rutland City VT Popular Searches |
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Rutland City VT Other Property Listings For Sale |
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$575,000
48 South Main Street
Available Sq.Ft. 0 Zoned commercial Prop Type
Unique Commercial Property with Endless Potential! This exceptional commercial property offers 12 bedrooms and 3.5 bathrooms and was previously used as a residential care home. Featuring a whole-house sprinkler system and a whole-house generator, it is well-equipped for various commercial or residential uses. The possibilities are endless! Convert it into a spacious multi-family home, office building, boarding house, or maintain it as a care facility. With its room-by-room rental potential, it could be a great fit for seasonal employees like at Killington Mountain or those seeking affordable, long-term accommodations. Additional features include ample parking and a prime location within walking distance of daily necessities, making it highly convenient for tenants or business operations. Don't miss this unique investment opportunity--schedule your showing today and explore the possibilities! See
MLS Property & Listing Details & 48 images.
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$595,000 | $125 per sq.ft.
100-102 Gibson Avenue
Available Sq.Ft. 0 Zoned residential Prop Type
Three great Buildings with huge net income potential! This smart investment includes five total units, four of them being two-bedroom units and the fifth being a single bedroom upstairs unit above the converted barn. The first floor of the barn could be used for storage or a workshop. Yearly gross income potential is $93,600 with slight rent increases. Recent upgrades include a new boiler system in the barn apartment, exterior painting and contractor capital improvements totaling more than $73,000. Showings to begin on (4/19). See
MLS Property & Listing Details & 23 images.
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$825,000 | $23 per sq.ft.
Price Change! reduced by $170,000 down 21% on August 16th 2024
224 North Main Street
Available Sq.Ft. 9534 Zoned GB-NMS Prop Type Food Service,Free Standing Building,Garage,Other,Retail Strip
This is a very well located Redevelopment Opportunity with possible restoration of existing Restaurant, Kitchen and part of Dairy Bar bldg covering a total of approximately 9,500 to 12,000 sq. ft. The balance of the 36,225 sq. ft. building likely needs to be razed with some salvage value of steel frame. In its Prime in the mid 1980's the complex consisted of 3 buildings joined together: A 9,534 sf Restaurant bldg, 21,111 sf Dairy Bldg including a 2,400 sf Dairy Bar, and a 5,580 sf Distribution Center with drive-thru truck wash/repair bay and 3-Bay Garage with three 12'x14' OHD's. Two other buildings on the site include a former 2-story residence (in serious disrepair) near the south property line, and a large Quonset Storage Building toward the rear north side of the property. Appraised by a VT-licensed General Appraiser for $975,000 in August 2022, it is offered at 15% below that, despite 6.2% inflation since then, for an inflation adjusted savings of 21%. Owners successfully appealed the City Tax Assessed value of approx. $1.25 million down to the current $770,800 assessed value. ABOUT 2/3rds OF BLDG IS IN SERIOUS DISREPAIR, WITH ROOF, CEILINGS AND SOME FLOORS COLLAPSING. OWNER MUST ACCOMPANY SHOWINGS OF FULL STRUCTURE beyond the restaurant space. DISCLOSURE: Soil contamination has been identified and registered with the State, and further testing needs to be done. Buyer's engineer will be asked to speak with the State engineer about the scope of contamination. See
MLS Property & Listing Details & 32 images.
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