Mixed-Use Property with
For Lease
$1,065/Mo
1-24 Wales St, Rutland, VT 05701
Renovated condominium setting with an operating food-service space and potential residential conversion, subject to governing documents.
Space SizeContact for details
Days on Market252
Property Features for 1-24 Wales St
General Information
Standard status
Active
Listing Agency:
Ault Commercial Realty, Inc.
(802) 773-0600
Listed By:
Ray Ault
(802) 773-0600
Source:
Exprealty
Added: Dec 12, 2025
Changed: Aug 20
Last Checked: Aug 20 at 7:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ault Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use condominium property includes an operating restaurant space on the first floor within a recently renovated building. The layout and existing equipment support continued restaurant use, take-out service, or another use permitted by applicable zoning and condominium documents. The space could also be repurposed as a residential condominium, subject to those requirements.
The property is located at 1-24 Wales St in Rutland, Vermont. Former office areas on the upper floor have been renovated into residential units. A major hotel is under construction across Wales Street, with work identified through 2025 and much of 2026; on-street parking may be periodically curtailed during construction.
The property is located at 1-24 Wales St in Rutland, Vermont. Former office areas on the upper floor have been renovated into residential units. A major hotel is under construction across Wales Street, with work identified through 2025 and much of 2026; on-street parking may be periodically curtailed during construction.
Key Highlights
- First‑floor restaurant space in a recently renovated condominium building
- Existing restaurant equipment supports continued food‑service or take‑out use
- Residential condominium conversion is identified as an alternative use, subject to governing documents
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
218k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 32%
Shops & Services 18%
Apparel 15%
Walmart
Superstores
71,134 visits/mo
0.3 miles
T.J. Maxx
Apparel
31,454 visits/mo
0.4 miles
Starbucks
Dining
19,391 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,976 visits/mo
0.3 miles
Wendy's
Dining
16,884 visits/mo
0.3 miles
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated condominium setting with an operating food-service space and potential residential conversion, subject to governing documents.
Where is this mixed-use property located?
The property is located at 1-24 Wales St Rutland, VT.
What is the lease rate?
The lease rate is $1,065/Mo.
What are key features of this property?
This property features: First‑floor restaurant space in a recently renovated condominium building; Existing restaurant equipment supports continued food‑service or take‑out use; Residential condominium conversion is identified as an alternative use, subject to governing documents
