- Rutland City VT Commercial Listing $500000 to $1000000
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$549,500 | $81 per sq.ft. | Available Sq.Ft. 4772 Zoned Commercial Prop Type RUTLAND CITY VT
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Description:Commercial Building currently used as professional offices. Adjacent to Rutland City Hall across from the Rutland City Police Station. Quality Design with updated features in excellent condition. In the heart of downtown Rutland City. Walking distance to Amtrack and bus stations. Become part of the Rutland Revitalization. Great re-development opportunity for residential use. Owners will consider a long term lease on this property.
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$650,000 | $52 per sq.ft. | Available Sq.Ft. 0 Zoned Downtown Business Prop Type RUTLAND CITY VT
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Description:Prime Downtown Commercial Opportunity 36 Strongs Avenue | Rutland, VT Step into a landmark property at 36 Strongs Avenue, the former home of the iconic four-generation Palms Restaurant. Positioned in the heart of downtown Rutland, this highly visible commercial building offers exceptional flexibility and long-term potential. Located directly across from Rutland Plaza, the property benefits from outstanding exposure to both vehicular and pedestrian traffic—an ideal setting for businesses seeking prominence and accessibility. Property Highlights: Gross Building Area: 12,444 SF Finished Space: Approximately 8,300 SF (per City of Rutland property records) Stories: Two Bathrooms: 6 half baths Construction: Circa 1900 wood-frame structure with cement block exterior walls Roof: Flat rubber membrane Lot Size: ~0.15 acres Endless Possibilities: This prime downtown asset is well suited for a wide range of uses, including: Restaurant or retail redevelopment Professional or creative office space Mixed-use or residential conversion With its historic character, adaptable layout, and unbeatable downtown location, 36 Strongs Avenue represents a rare opportunity to invest in one of Rutland’s most visible commercial corridors.
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Price Change! reduced by $170,000 down 21% on August 16th 2024
$825,000 | $23 per sq.ft. | Available Sq.Ft. 9534 Zoned GB-NMS Prop Type RUTLAND CITY VT
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Description:This is a very well located Redevelopment Opportunity with possible restoration of existing Restaurant, Kitchen and part of Dairy Bar bldg covering a total of approximately 9,500 to 12,000 sq. ft. The balance of the 36,225 sq. ft. building likely needs to be razed with some salvage value of steel frame. In its Prime in the mid 1980's the complex consisted of 3 buildings joined together: A 9,534 sf Restaurant bldg, 21,111 sf Dairy Bldg including a 2,400 sf Dairy Bar, and a 5,580 sf Distribution Center with drive-thru truck wash/repair bay and 3-Bay Garage with three 12'x14' OHD's. Two other buildings on the site include a former 2-story residence (in serious disrepair) near the south property line, and a large Quonset Storage Building toward the rear north side of the property. Appraised by a VT-licensed General Appraiser for $975,000 in August 2022, it is offered at 15% below that, despite 6.2% inflation since then, for an inflation adjusted savings of 21%. Owners successfully appealed the City Tax Assessed value of approx. $1.25 million down to the current $770,800 assessed value. ABOUT 2/3rds OF BLDG IS IN SERIOUS DISREPAIR, WITH ROOF, CEILINGS AND SOME FLOORS COLLAPSING. OWNER MUST ACCOMPANY SHOWINGS OF FULL STRUCTURE beyond the restaurant space. DISCLOSURE: Soil contamination has been identified and registered with the State, and further testing needs to be done. Buyer's engineer will be asked to speak with the State engineer about the scope of contamination.
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