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    231 N Main Street

    Rutland City, VT 05701
    • $1,795,000
    • STATUS: Active Under Contract
    • MLS #: 4850406
    Under Contract
    UPDATED: 56 min ago
    $1,795,000
    • 0
      BEDS
    • 1.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,972
      SQFT
    • $100
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    Courtesy of Ray Ault of Ault Commercial Realty, Inc..

    Description

    The USDA Forest Service has been a tenant since 1993, and its lease ends 30 Sep. 2021. That federal agency is building its new Green Mountain National Forest HQ this year on US 4 in Mendon. Ample paved parking on-site for up to 92 vehicles, plus the 8 bays of the on-site 30' x 95' maintenance garage. Two deeds in: Bk 261, Pgs 76-78, and Bk 292, Pgs 329-334. All 5 HVAC roof units have been replaced in the last decade, and the parking lot has been re-sealed recently. A great 1031 replacement income property! Priced at a 9.9% Cap Rate using 7.5% vacancy and 2.5% capital reserve assumptions.

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    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-25T08:05:28.197.
    www.teamtringali.com/homes/114988328
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    231 N Main Street Rutland City, VT 05701

    • Price: $1,795,000
    • Status: Active Under Contract
    • Updated: 56 min ago
    • MLS #: 4850406
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.6
    Acres
    17,972
    SQFT
    $100
    $/SQFT
    1983
    Built
    Neighborhood:
    Rutland City
    County:
    Rutland
    Area:
    Rutland City
    Property Description
    The USDA Forest Service has been a tenant since 1993, and its lease ends 30 Sep. 2021. That federal agency is building its new Green Mountain National Forest HQ this year on US 4 in Mendon. Ample paved parking on-site for up to 92 vehicles, plus the 8 bays of the on-site 30' x 95' maintenance garage. Two deeds in: Bk 261, Pgs 76-78, and Bk 292, Pgs 329-334. All 5 HVAC roof units have been replaced in the last decade, and the parking lot has been re-sealed recently. A great 1031 replacement income property! Priced at a 9.9% Cap Rate using 7.5% vacancy and 2.5% capital reserve assumptions.
    Exterior Features

    Construction MasonryWood Frame Exterior StuccoWood Siding Lot Description City LotCurbingLandscapedLevelMajor Road Frontage Parking GarageOn-SiteParking Spaces 21+PavedUnpaid Road Frontage Yes Road Frontage Length 342 Roof MembraneOther Total Drivein Doors 6 Transport Access City StreetPublic TransportationState Highway

    Interior Features

    Basement No Basement Description None Ceiling Height -10 Cooling Central AcMulti Zone Foundation Poured ConcreteSlab W/ Frost Wall Heating Hot AirHot WaterMulti Zone Sq Ft Total Building 17972

    Property Features

    Accessibility Features 3 Ft. DoorsAccess ParkingBathroom W/5 Ft. DiameterGrab Bars in BathroomLow Pile CarpetOne-Level BusinessPaved ParkingZero-Step Entry Ramp Assessment Amount 1281600 Assessment Year 2012 Covenants No Gross Income 325891 Heat Fuel Gas - Lp/Bottle Net Income 197751 Pre Construction No Sale Includes Land/Building Sewer Public Span Number 540-170-11556 Sprinkler Wet Sub Property Type OfficeRetail Sub Property Type Use Free Standing BuildingOffice Building Tax Gross Amount 44411.28 Tax Rate 3.47 Tax Year 2021 Tax Year Notes Thru 6/30 Taxes Tbd No Utilities Cable Water Public Zoning Gtwybusinessnms

    Courtesy of Ray Ault of Ault Commercial Realty, Inc..


    © Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-07-25T08:05:28.197.
     
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    Team Tringali | Keller Williams Metropolitan
    50 Nashua Rd, Suite 111
    Londonderry NH, 03053
    Courtesy of Ray Ault of Ault Commercial Realty, Inc..