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Listed by Ray Ault • Ault Commercial Realty, Inc. • RayAultVt@gmail.com
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1,216 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 1,216 sqft
MLS Listing ID 5071873
Year Built 1870
Property Description
A great 1,216 sq. ft. Food Service Space in a Prime Downtown Rutland location for your business! Lease this attractive streetfront space with front lawn table seating in summer and interior seating (subject to permits and licensing), for a reasonable downtown rent of just $10.51 per sq. ft., ($1,065/mo., NNN, with the Net Expenses estimated at $7.79/sq. ft./yr ($789/mo.), for a total of $1,854/mo., rounded),...plus, paid direct to vendors: heat, electric, WiFi, interior cleaning, maintenance and snow & trash removal. WHILE ASKING RENT IS BASED UPON RECENT MARKET RENTS, PROSPECTIVE TENANTS ARE INVITED TO MAKE AN OFFER TO LEASE WITHIN THEIR BUDGET. In a recently renovated Condominium building, this Food Service business is operating to cover carrying costs and management. It had been a Domino's Pizza site for decades. So a prospective tenant will find most equipment needed to re-open as a small take-out restaurant or food service business, or any business allowed by zoning and condominium documents; (see attached 13 Select Pgs of 68-Pg Declaration of Condominium and Bylaws, with Schedule D assigning 18.1% PERCENTAGE INTEREST OWNERSHIP IN THE CONDOMINIUM TO Subject UNIT 1). Or it could be re-purposed as a very accessible 1st floor residential condo. Upstairs, former offices have been renovated into high-end residential units; (See 4th Amendment of Condominium 3-Pgs doc attached). With a new major hotel under construction across Wales Street through 2026 and most of 2027, (and possibly beyond) on-street parking will likely be curtailed from time to time.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning DB - Downtown Business
Exterior
Utilities Available Cable at Site, Propane
Roof Type Flat,Membrane
Building
Sewer Public
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