Back to Search

For sale
Conventional restaurants
VT
Rutland
05701
224 North Main Street

Redevelopment Opportunity with Restaurant Potential

224 North Main Street, Rutland, VT 05701

View on Map

For Sale

$825,000

Redevelopment opportunity with existing restaurant, kitchen, and dairy bar.

Type:Commercial/Industrial

Property size:

36,225 SF

Lot size:

4.21 Acres

Price / SF:

$22/SF

HighLights

Offered at 15% below August 2022 appraised value, a 21% inflation‑adjusted savings.
Significant tax assessment reduction, lowered to $770,800.
Redevelopment opportunity to restore restaurant, kitchen, and part of the dairy bar.
Large 36,225 sq. ft. building footprint with steel frame salvage value.
Includes former distribution center with drive‑thru truck wash/repair bay and 3‑bay garage.
Property includes a former 2‑story residence and large Quonset storage building.

We can help!

Listing Contact

Ray Ault

For Sale

$825,000

Redevelopment opportunity with existing restaurant, kitchen, and dairy bar.

Type:Commercial/Industrial

Property size:

36,225 SF

Lot size:

4.21 Acres

Price / SF:

$22/SF

Added:: Aug 17, 2024
Days on Market:: 667
Last Refresh:: May 20 at 2:41 am

Property Features for 224 North Main Street

General Information

Standard status: Active
Size: 36,225 SF
Lot size: 4.21 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1947

We can help!

Listing Contact

Ray Ault

Listing agent Ray Ault

Listing office Ault Commercial Realty, Inc.

Listing date Aug 17, 2024

Source Exitrealty

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.

HighLights

Offered at 15% below August 2022 appraised value, a 21% inflation‑adjusted savings.
Significant tax assessment reduction, lowered to $770,800.
Redevelopment opportunity to restore restaurant, kitchen, and part of the dairy bar.
Large 36,225 sq. ft. building footprint with steel frame salvage value.
Includes former distribution center with drive‑thru truck wash/repair bay and 3‑bay garage.
Property includes a former 2‑story residence and large Quonset storage building.

Overview

This property presents a redevelopment opportunity, potentially including restoration of the existing restaurant, kitchen, and part of the dairy bar building, encompassing approximately 9,500 to 12,000 square feet. The remaining portion of the 36,225 square foot building may require demolition, although the steel frame may have salvage value. In its prime during the mid-1980s, the complex comprised three interconnected buildings: a 9,534 square foot restaurant building, a 21,111 square foot dairy building with a 2,400 square foot dairy bar, and a 5,580 square foot distribution center featuring a drive-thru truck wash/repair bay and a 3-bay garage equipped with three 12'x14' overhead doors. Additional structures on the site include a former two-story residence in disrepair near the south property line and a large Quonset storage building toward the rear north side of the property. Approximately two-thirds of the building is in serious disrepair, with roof, ceilings, and some floors collapsing. Soil contamination has been identified and registered with the State, and further testing is required. The property is located in Rutland City, VT.

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Rutland
County: Orleans
State: Vermont
Longitude: -72.9744
Latitude: 43.6241

Nearby Similar for Sale

$479,000

3,234 SF

Renovated Duplex with Utility Separation

Renovated duplex with separate utilities, updated systems, and an occupancy permit for short-term rentals or owner occupancy.

209 State Street, Rutland City, VT 05701

View Details
$225,000

2,208 SF

Mixed-Use Building with Salon Lease

Mixed-use building in Rutland City with an operating hair salon and an upstairs one-bedroom rental unit.

23 Terrill Street, Rutland City, VT 05701

View Details
$235,000

1,864 SF

Turn-of-the-Century Duplex With Parking

Two-family duplex built in 1900 with separate entrances, off-street parking, and two distinct unit layouts.

138 Maple Street, Rutland City, VT 05701

View Details
$210,000

2,576 SF

Well-Maintained Duplex with Porches

Duplex with two units, hardwood floors, porches, and a yard, offering flexible owner-occupant or investor rental setup.

58 Crescent Street, Rutland City, VT 05701

View Details
$337,500

4,874 SF

Commercial Building on US Route 7

Commercial building with heated area and detached storage barn.

439 US Route 7 N, Rutland, VT

View Details
$124,500

1,230 SF

Professional Office Condominium For Sale

1,230 sf office condo in high-traffic location.

198 North Main St C-2, Rutland, VT 05701

View Details
$126,500

1,492 SF

Medical Office Condo Investment

Leased medical office condo near regional hospital for sale.

69 Allen St Suite 5, Rutland, VT 05701

View Details
$225,000

Multi-Use Commercial Building Opportunity

Commercial building with office space and rental unit potential.

23 Terrill St, Rutland, VT 05701

View Details
$479,000

4,851 SF

Turnkey Renovated Duplex with Separate Utilities

Renovated duplex with true utility separation and updated kitchens, ready for income or owner-occupancy.

209 State Street, Rutland City, VT 05701

View Details
$589,000

Renovated Triplex in Historic Rutland

Turnkey, income-producing triplex in Historic Rutland City.

1 Nickwackett St, Rutland, VT 05701

View Details
$299,000

5,196 SF

Two-Unit Two-Story Duplex

A maintained two-unit downtown duplex with separate laundry hookups, fenced outdoor space, and two-car garage parking.

51 South Main Street, Rutland City, VT 05701

View Details
$475,000

Rutland City Commercial Development Potential

Industrial property with warehousing, storage, and residential development potential.

2 Pine St, Rutland, VT 05701

View Details

For sale
Conventional restaurants
VT
Rutland
05701
224 North Main Street

What type of property is this?

Conventional restaurant - Redevelopment opportunity with existing restaurant, kitchen, and dairy bar.

Where is this conventional restaurant located?

The property is located at 224 North Main Street Rutland, VT.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: Offered at 15% below August 2022 appraised value, a 21% inflation‑adjusted savings.; Significant tax assessment reduction, lowered to $770,800.; Redevelopment opportunity to restore restaurant, kitchen, and part of the dairy bar.