Bought with Mike Kalil • Watson Realty & Associates
$575,000
$625,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
0.6 Acres Lot
SOLD DATE : 05/10/2024
Key Details
Sold Price $575,000
Property Type Commercial
Sub Type Investment,Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4978880
Sold Date 05/10/24
Year Built 1900
Annual Tax Amount $16,202
Tax Year 2023
Lot Size 0.600 Acres
Acres 0.6
Property Description
Own this great investment opportunity in the most prime location in rutland, located in a small strip mall with viable successful businesses, occupying this property one very successful business as a tenant (StoneHedge Indoor Golf)although this property currently is a 2 unit property, unit 1. on1st floor is about 7500 SF unit 2. is on the 2nd floor is about 1700 SF , currently the tenant is renting both spaces, but for the future , this property can easily be divided to two unites on the first floor, conveniently there are two main entrances one on each end of the building with its own parking and of course upstairs unit have its own entrance as well . there are currently 3 large bathrooms and handicapped accessibility. Current cap rate at asking price is 8% NNN lease
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning commericial
Rooms
Basement Concrete Floor
Interior
Heating Oil
Cooling Central AC
Exterior
Garage On-Site, Parking Spaces 21+, Paved
Garage Description On-Site, Parking Spaces 21+, Paved
Utilities Available Telephone Available
Roof Type Flat,Membrane
Building
Sewer Public
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