Rutland City VT For Sale $98,500

List Price:$Commercial Property $98,500 | $71 per sq.ft.
198 North Main Street Rutland City VT | Space type
MLS# 5071198
Listed by Ray Ault Ault Commercial Realty, Inc. RayAultVt@gmail.com on December 1st 2025
DESCRIPTION
Attractive 1,396 sf 2nd Floor Professional Office Condominium at Pond Meadow Park in excellent high-traffic location with plenty of on-site parking (30 cars + or -), beautifully landscaped grounds and pastoral views across Tenney Brook. Currently configured as a 4-room law office: reception, conference room, large private office, plus smaller adjacent office, plus storage room. Additionally Unit C-4 shares with other Units in bldg as "Limited Common Area" a large well-appointed client lounge with lots of natural light and a common break-room. Owner successfully appealed the Property Tax Assessment from $116,100 to the current $67,500, reducing the annual tax from $4,738 to the current $2,755. Condo Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms,...and installed insulated glass windows all around except in Unit 3. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Some office furnishings and equipment are available at an additional negotiable cost. Owner will seriously consider all offers!...Note: Although currently 2nd floor walk-up units, the Condo Association Board of Directors is on record having voted to allow either or both owners of Suites C-4 and C-5 to install at their sole expense a glass-enclosed chair lift from 1st floor to 2nd floor via the existing atrium modified to accommodate same, thereby making 2nd Floor handicapped accessible.
Sale Includes : Land/Building
Management Expense-| $0
Insurance Expense -| $0
Net Income| 0
Gross Income| 0
Price per SQFT | 70.56
CONSTRUCTION
Wood Frame | Wood Siding
Price Per SQ.FT. 70.56
Year Built: 1974
Basement: Concrete Floor | Partial
Roof: Asphalt Shingle
Road Frontage: 200
Utilities: Cable Available
No. of Docks | 0.
AC % | 0.
LAND INFORMATION
Lot size: 1.43 acres
Zoned: GB-NMS Business)
Flood Zone: Yes
Road Frontage: 200
ADDITIONAL INFORMATION
Transport Info: City Street | Major Road Access | Public Transportation | State Highway | Paved
Docs Available : Association Docs | Deed | Plot Plan | Tax Map
Taxes $2,755 | Assesed Value $67,500 in 2022

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