Property profile

59 Meadow St Rutland, VT 05701

OFF-MARKET
Retail properties & Spaces
Property ID
US89-0112226
20,341 SF 1.33 ac lot Built 1903
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Property summary

AI-generated overview

This exceptional 20,341 square foot retail property, located at 59 Meadow St in Rutland, Vermont, presents a unique redevelopment opportunity. Built in 1903 and renovated in 1955, this vacant building sits on a 1.33-acre lot (APN 20041) and offers significant potential for a variety of uses. The asking price is $2,250,000, translating to $110.61 per square foot. Its prime downtown location in Rutland, VT (zip code 05701) provides easy access to local amenities and a thriving community. The property's substantial size and historic character make it ideal for adaptive reuse projects, such as a boutique hotel, cultural center, office space, or mixed-use development. The building's rich history and prominent location offer a compelling investment opportunity for those seeking a landmark property with significant upside potential. This is a chance to acquire a piece of Rutland's heritage and shape its future. The property's spacious layout and ample land provide flexibility for creative redevelopment plans, catering to a wide range of commercial ventures. Its central location within Rutland's vibrant downtown ensures high visibility and accessibility. This is a rare opportunity to acquire a substantial property in a desirable location, ready for its next chapter.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1903
Total area 20,341 SF
Lot 1.33 ac (57,935 SF)
UPID US89-0112226

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home
  • Park

Location

59 Meadow St Rutland, VT 05701
Rutland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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