Rutland City, VT | 5 Commons Street

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 $1,500 per quarter, plus a Capital Reserve assessment of approximately $350 per quarter. Taxes are $1,621 per quarter. Total Net Expenses therefore are roughly $6.57/sq. ft., annually.

This Commercial building on the southwest corner of US Route 7 & McKinley Avenue, with 4,194 sq ft of heated area on the 1st floor is on 1.4 acres is strategically located at the north “Gateway” to Rutland’s business area. It is currently leased by an appliance dealer, Rutland Appliance, Inc., but could be occupied by the business of a buyer with reasonable notice to tenant allowing them to relocate their business. Not included in the above bldg square footage is the 1760 ft.² unheated, uninsulated 2nd floor in need of total renovation. There are also an unheated 672 sf attached garage with 13 ft high ceiling, a rear attached 416 sf storage shed and a 960 ft.² detached storage barn. Deed is subject to a right of way over and along the roadway or driveway, formerly known as the “old Mill Road“ across the southeasterly portion of Subject property. Said right of way runs southwesterly from US Route 7 to a dwelling on the adjacent parcel south and west of subject property. An estimated 10% of subject property, along East Creek, its westerly boundary, is located in a flood zone, the map for which is among the documents associated with this listing. Buyers intending to change the use of the 1st floor to other than retail, or renovate the 2nd floor into residential apartments, may be required to connect to the municipal sewer line between subject bldg and US-7, subject to permits and fees attendant to doing so. Seller has no specs on the onsite water well adjacent the exterior of the north wall of bldg adjacent tenant's office area. Seller's excavating contractor confirmed he installed a 500 gallon concrete septic tank somewhere on the North half of the property, but we have no site plan locating that.

Hair Salon on the first floor and an income producing apartment on the second floor on a busy city street. The hair salon offers a fully equipped salon ready for your business. The first floor contains two wash stations, two dryers, two chairs, two other rooms can be used for massages, facials, manicures, pedicures or other personal care services. There is a six car parking lot on site making a perfect setup for your business. All this and income from the one bedroom apartment above to help pay your mortgage. The property also can be reimagined as a two unit residential, retail or a combination of both.

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.

This 1,470.5 sq. ft. Professional Office Condominium is conveniently directly across from the hospital (RRMC) for likely medical office use or other professional services business. Asking Price was just reduced by $20,000 to $205,000, yielding a 9.65% Cap Rate! Offered subject to a Lease through 14 Oct 2027, on a Triple Net basis. (However, Tenant is willing to move earlier for Buyer's business or a replacement tenant, as they have outgrown this 8-room space they otherwise love!) Base Rent for the year starting 15 Oct 2027 is $1,720.00/mo., or $14.00/sf, NNN. Net Expenses, paid monthly by Tenant as "Additional Rent" is about $1,400.00/mo., or $11.75/sf, plus tenant pays direct to vendors: electric, WiFi, Tenant's Insurance and interior cleaning. Ample parking at your door is a big plus!...as is an attractive vegetation-enclosed lunch-break table in fair weather. The Commons Office Condo complex is one of the most desireable in the City, and tends to command well above avg office lease rates and sale prices. See Sellers Property Info Report for 12-pg Q&A on systems serving Unit C-5.

Business Only. This maybe purchased two ways assets only or business and assets. Checkout this great opportunity to own a well established gymnastic business. Sale includes equipment and the name Head Over Heals that was established over 30 years ago. New owners will have to negotiate a lease or move to a new location.

Great opportunity for your next business venture! Located on the outskirts of Rutland City in a high-traffic area, this 3,240-square-foot commercial property offers excellent visibility and a generous lot of approximately one-third of an acre. Formerly operated as a dry cleaner, the property offers a unique opportunity for an owner-user, investor, or entrepreneur looking to bring a new business to the area. The lot is exceptionally deep, providing plenty of room for parking, expansion, storage, or other possibilities, subject to local approvals. With its convenient location, substantial square footage, and tons of potential, this property is ready for your vision. Bring your ideas and explore the possibilities!

This attractive 1,232 sf Professional Office Condominium at Pond Meadow Park offered FOR SALE at $132,500 and FOR LEASE* @ $12.32/sf, ($1,265/mo.), NNN, with Net Expenses estimated at $10.71/sf, ($1,100/mo) including heat. In excellent high-traffic (15,000 ADT rounded) location with plenty of on-site parking (30 cars + or-), beautifully landscaped grounds and pastoral views across Tenney Brook picnic area. Currently configured as a 5-room dental office: reception, private office, plus smaller adjacent office/lab, storage room patient servicing office areas (3). An accessible restroom is in the common area, and a non-ADA half-bath is within the 1232 sf of subject unit. Additionally Unit C-3 shares a large well-appointed client lounge with plenty of natural light, a common break-room and an approx. 6'x8' storage closet. The Condo Owners Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Owner will seriously consider all offers! Buy with as little as 15% down with SBA 504 Loan! *For Lease subject to existing tenancy agreeing to an early termination to be negotiated.

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.