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Matt Quinlan

matt@quinlanhomescrg.com +1(978) 827-8268

Listed by Ray Ault • Ault Commercial Realty, Inc. • RayAultVt@gmail.com

1,216 SqFt

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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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NEARBY SCHOOL & BUSINESS

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Matt Quinlan

+1(978) 827-8268

Broker License ID: 9518707

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24 Wales ST #1 Rutland City, VT 05701

Matt Quinlan

Key Details

Location

Exterior

Building

NEARBY SCHOOL & BUSINESS

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