274 Main St Rutland, VT 05701
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High-Traffic Retail & Auto Shop
Property size:
5,021 SFProperty 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
Listing Agency: Donahue & Associates Listing Agent: Steve Donahue
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Banks
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.
