-Known as the "TenneyBrook Square" for prime retail space or professional spaces. Big lot so it has plenty of parking. Location is the best location in the north side of the City. All triple net leases. Although it is not fully rented, the current annual revenues are $84,916 plus the the tenants pay $16,800 for the NNN. The NOI is $57,916. with 100% occupancy; yearly income is $ 210.328, NOI is $203,028, Cap rate is 13.62 at the full price. The condition of these 4 buildings is excellent. No deferred maintenance. Please call for more info .
This parcel is entitled for 58 multifamily units (this can be increased to 64 with minor modification to the ACT 250 permit). The bid due date will be Sept, 13th 2013
LOCATION ! LOCATION ! LOCATION! Over 6 acres on South Main Street where US Route 7 & 4 run together. Highest traffic count in Central Vermont. The front building is 16,700 sq. ft. of general retail or offices. The back building is 6,093 sq. ft. warehouse/storage building.
This offering consists of 2 bldgs on separate adjoining lots: A well-maintained 20,420 sq. ft. brick office bldg with a 10,200 sq. ft. basement accessed by 2500-lb capacity freight elevator from main floor and by loading dock from Pine Street, is on a deeded 1.12-acre lot, was built around 1900 with thick concrete floors for repair of railway coaches, and has served for decades as the Engineering Bldg for CVPS (Now Green Mt. Power Corp,...or GMP); the 2nd bldg (a "Morton Bldg") is a 3,528 sq. ft. heated garage built in 2005 with two 12'x 12' overhead doors, and ceiling ranging from about 13' at the eaves to 16' at center, on a 0.63-acre leased lot (100 yrs). Although zoned Industrial, the property is in the Downtown Rutland Special Benefits District.
Retail/office building on one level. Four spaces with lots of flexibility. Located near other retail, office and restaurant buildings at the northerly entry to Rutland City. Ample off street parking. City water and sewer.
This location has one of the highest traffic counts in the state, High visibillity! Road frontage on both Woodstock Ave, and Temple street. This would be a great property for a restaurant, Commerical retail, the two car garage and two retals are included.
Beautiful 1865 building listed on National Register of Historic Places and occupied for the past 57 years by the famous Conway's Antiques and Decor. This delightful building boasts period charm and character, including the entryway Dake staircase with glass finial on the newel post. The back second floor of the building, built in 1990, includes four 1 bedroom apartments and two efficiency apartments. Over 10,000 square feet of space in a highly visible location within walking distance of downtown and the Main Street Park. A rare find!
Beautiful 1865 building listed on National Register of Historic Places and occupied for the past 57 years by the famous Conway's Antiques & Decor. This delightful building boasts period charm and character, including the entryway Dake staircase with glass finial on the newel post. The back second floor of this building, built in 1990 includes four 1 bedroom apartments plus two efficiency apartments. Over 10,000 square feet of space in a highly visible location within walking distance of downtown and Main Street Park.
Listed by Fran Veller of Berkley, Veller and Greene
Building in excellent condition with recently upgraded infrastructure.
Ideal candidate for 1031 exchange. Unit #1 leased to Oral Surgery Associates until 2028. Solid terms generates CAP rate in excess of 7 even with Unit #2 vacant.
Unit #2 previously occupied long term by successful bagel cafe business. Being offered for lease at $6/FT/YR. Full occupancy results in CAP rate of 11.
Owner will consider condominimizing building into 2 separate units and sell each individually.
Great Investment with good rental history, one building 10 rents, building up to code with all important improvements, no deferred maintenance, the monthly rental on all units are from $575 to $675 (all rented)and there is some room to go up, yearly rents are $75,900 , expenses are $26,459.32, net income $49,440.68 and these numbers match exactly the tax returns, a real solid investment, call for the details.
Listed by Mike Kalil of Prudential Green Mountain Realty
"Martha was wonderful for everything. She kept in touch about showings, offers, other things that came on the market that might be competition, as well as anything else she thought was pertinent towards the sale of our property. She is an excellent agent.”
