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    274 Main St Rutland, VT 05701

    Sponsored
    For Sale
    $925,000

    High-Traffic Retail & Auto Shop

    Property size:
    5,021 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Rutland Town, Vermont property offers a unique blend of investment opportunities. Priced at $925,000, this 5,021 square foot retail space boasts two buildings on a 0.55-acre lot with 15 parking spaces. Currently, the property features a 2,185 square foot lease to a credit union with a credit-rated tenant and a one-year remaining lease term, providing immediate income. The second building, a 2,836 square foot auto shop, is occupied by a short-term tenant. The property enjoys a prime location in a high-traffic area with an average daily traffic count of 25,521 vehicles, situated at a signalized intersection within the Regional Commercial Business District. The absence of zoning ordinances in Rutland Town presents significant redevelopment potential for this versatile property. The property's current 50% occupancy rate offers a compelling value-add opportunity, with a projected full occupancy date of April 3, 2024. This NNN lease structure minimizes landlord responsibilities, making it an attractive investment for experienced investors. The property's dual-building configuration and ample parking further enhance its appeal. This is a rare chance to acquire a well-located, multi-tenant property with significant upside potential in a thriving Vermont market.

    Property Features for 274 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,021 SF
    Lot Size
    23,958 SF

    Building Details

    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $925,000 asking price for a 5,021 square foot retail property in Rutland Town, Vermont.
    • Two buildings on a 0.55‑acre lot with 15 parking spaces.
    • Currently 50% occupied, with a credit‑rated tenant (credit union) in a 2,185 SF space on a one‑year lease.
    • Second building (2,836 SF auto shop) has a short‑term tenant.
    • High‑traffic location (25,521 AADT) at a signalized intersection in the Regional Commercial Business District.
    • No zoning restrictions allow for redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rutland
    County
    Rutland
    State
    Vermont
    Longitude
    -72.9682088
    Latitude
    43.589348

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    FAQs

    What type of property is this?
    Individual retail property - High-Traffic Retail & Auto Shop
    Where is this individual retail property located?
    The property is located at 274 Main St Rutland, VT.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: $925,000 asking price for a 5,021 square foot retail property in Rutland Town, Vermont.; Two buildings on a 0.55-acre lot with 15 parking spaces.; Currently 50% occupied, with a credit-rated tenant (credit union) in a 2,185 SF space on a one-year lease.
    Request Owner's contact information
    274 Main St Rutland, VT 05701
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    Rutland, VT 05701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    274 Main St Rutland, VT 05701
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