Property summary
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
VerifiedCap rate & NOI
Current use
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Nursing Home
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Park
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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