198 N Main Street
Rutland City, VT, 05701 $ 112,000
Baths0.0 Sq 1,230 Monthly Estimate*
$ 744
Listed by Ray Ault, Ault Commercial Realty, Inc., 802-773-0600, Ray@AultCommercial.com
Studio Commercial Property for sale in Rutland City, VT
for $112,000. This 1,230 square foot building was built in 1974 on a lot size of 1.45.
Price recently Reduced on this attractive 1,232 sf Professional Office Condominium at Pond Meadow Park offered FOR SALE well below its City-Appraised $124,500; and FOR LEASE @ $12.18/sf, ($1,245/mo.), NNN, with Net Expenses estimated at $11.36/sf, ($1,166/mo) including heat & electric. In excellent high-traffic (15,000 ADT rounded) location with plenty of on-site parking (30 cars + or-), beautifully landscaped grounds and pastoral views across Tenney Brook picnic area. Currently configured as a 5-room dental office: reception, private office, plus smaller adjacent office/lab, storage room patient servicing office areas (3). An accessible restroom is in the common area, and a non-ADA half-bath is within the 1232 sf of subject unit. Additionally Unit C-3 shares a large well-appointed client lounge with plenty of natural light, a common break-room and an approx. 6'x8' storage closet. The Condo Owners Association re-surfaced the roof about 10 years ago, replaced the furnace, and upgraded the entry walkway, hallway and restrooms. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Owner will seriously consider all offers! Buy with as little as 15% down with SBA 504 Loan!
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FeaturesInteriorBasement Description Partial
Basement Yes
Heating Fuel Oil
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GeneralRoad Frontage Yes
Sewer Public
Heating Forced Air
Utilities Cable - At Site
Parking On-Site
Flood Zone Yes
Zoning Gateway Business N Main S
Status Active
Year Built 1974
Electric 100 Amp Circuit Breaker(s) On-Site
Tax Rate 3.56
Unit Number C-3
Assessment Amount 124500
Tax Year 2024
Building Name Pond Meadow Park
Area VT-Rutland
Price Per Sq Ft Total 91.06
Tax Gross Amount 4437.3
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ExteriorLot Size Area 1.45
Water Body Name Tenney Brook
Water Body Type Stream
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* Excluded FeaturesList ByAult Commercial Realty, Inc.Broker
Ray@AultCommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $744
- Monthly Property Taxes
- $370
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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451920 Elementary School
452237 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
7/18/2023 | $112,000 | -10.04% | Price Down |
1/23/2023 | $124,500 | | Listed Price |