224 North Main St Rutland, VT 05701
Redevelopment opportunity with existing restaurant, kitchen, and dairy bar.
Property size:
36,225 SFLot size:
4.21 AcresProperty Features for 224 North Main St
General Information
- Standard status
- Active
- Size
- 36,225 SF
- Lot size
- 4.21 Acres
Building Details
- Year built
- 1947
Source:
Exitrealty
Listing Agency: Ault Commercial Realty Listing Agent: Ray Ault
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Redevelopment Opportunity with Restaurant Potential
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.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Rutland
- County
- Orleans
- State
- Vermont
- Longitude
- -72.9743797
- Latitude
- 43.6240592
Nearby Similar for Sale
FAQs
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 St 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.
