Rutland City, VT | 198 North Main Street

$98,500
MLS#: 5071198
1.43
Acres
200
Road Frontage
1,396
SQ. Feet
$2,755
Taxes
1 of 5

General Property Information

Price:
$98,500
Property Status:
Active
County:
VT-Rutland
Agency/Brokerage:
Ray Ault
Ault Commercial Realty, Inc.

Attractive 1,396 sf 2nd Floor Professional Office Condominium at Pond Meadow Park in excellent high-traffic location with plenty of on-site parking (30 cars + or -), beautifully landscaped grounds and pastoral views across Tenney Brook. Currently configured as a 4-room law office: reception, conference room, large private office, plus smaller adjacent office, plus storage room. Additionally Unit C-4 shares with other Units in bldg as "Limited Common Area" a large well-appointed client lounge with lots of natural light and a common break-room. Owner successfully appealed the Property Tax Assessment from $116,100 to the current $67,500, reducing the annual tax from $4,738 to the current $2,755. Condo Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms,...and installed insulated glass windows all around except in Unit 3. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Some office furnishings and equipment are available at an additional negotiable cost. Owner will seriously consider all offers!...Note: Although currently 2nd floor walk-up units, the Condo Association Board of Directors is on record having voted to allow either or both owners of Suites C-4 and C-5 to install at their sole expense a glass-enclosed chair lift from 1st floor to 2nd floor via the existing atrium modified to accommodate same, thereby making 2nd Floor handicapped accessible.

Property Features

Year Built:
1974
# of Stories:
Road Frontage:
200
Zoning:
GB-NMS Business
Acres:
1.43
Total Sq ft:
1396
# of units:
Parking:
On-Site,Parking Spaces 21+,Paved
Basement:
Concrete Floor,Partial
Location:
Exterior Features:
Sales Includes:
Land/Building
Roof Style:
Asphalt Shingle
Type:
Office Condo
Misc:
Public Restrooms,Smoke/Heat Detectors
Foundation:
Poured Concrete
Fuel:
Heating & Cooling:
Baseboard,Hot Water,Oil
Floors:
Financing:

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2025-12-01
Last Updated:

Stowe Office

Pall Spera

(P) 802.253.9771
(F) 802.253.9993
email

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