Properties Near 23 Terrill Street Rutland City, VT

Professional Office condominium of 2,112 sq. ft., recently renovated and ADA-compliant. It has central air and propane hot air heat, 200-amp electric service, alarm, 2 restrooms and an air-lock entry foyer. This is very attractive first class office space in Allen Pond Professional Park, near Rutland Regional Medical Center. Unit is vacant and ready for occupancy! Condo Fees are about $1,600 per quarter, plus a Capital Reserve assessment of approximately $350 per quarter. Taxes are $2,304 per quarter.

This versatile mixed-use property offers a prime investment opportunity with both residential and commercial potential. The building features two spacious 2-bedroom apartments on the second floor—ideal for owner-occupancy or rental income. The first floor offers a generous commercial space that formerly operated as a bar. With a flexible layout, this area could easily be transformed to suit your vision—whether it's launching a full-service restaurant, retail shop, office space, or converting it into additional residential units. A detached garage in the rear provides ample storage or workspace, further enhancing the property's utility. Whether you're an entrepreneur looking to start your business, an investor seeking rental income, or someone with a creative eye for redevelopment, this property delivers exceptional potential in a growing market.

Here is the opportunity to open your own deli or maybe a pizza shop. This building and accompanying equipment is just waiting for the right person to reopen its door. Having previously been a deli, catering operation and at one time a store.

Multi-use Commercial building Opportunity. Whether you choose to operate a business, need office space, or create another rental unit to combine with the 1-bedroom 2nd-floor unit. Offers a convenient location off of Route 7 and 4 with easy access to all city amenities.

Suite 5 is a Leased Investment Opportunity: a 1492 Sq. Ft. Medical Office Condo in Bldg 1, conveniently located just down the road from the Regional Hospital. 69 Allen Street Professional Office Condominium has recently had the bldg exteriors all re-painted, the roofs inspected, the grounds re-landscaped and the driveways and parking recently re-paved. Office has an air-lock entry with coat racks (ideal in winter), Large reception and waiting room, 2 storage closets, 3 exam rooms and two private offices (with exterior exit from larger private office). Although Appraised by the City at $92,400, this reflects the previous owner appealing the then City Appraisal of $154,000 down to its 2020 valuation. Under the current Lease with 4 years remanining in it term, Tenant has freshly painted the walls and installed new carpeting and vinyl floor coverings. So its price is quite competitive in todays market! Net Expenses estimated at $6.50/sf, plus ht & elect.