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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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24 Wales St Unit 1 , Rutland City, VT 05701
$1,065
Est. Payment: $2.37/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 259
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House 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.

Highlights

Listed by Ray Ault , 802-773-0600 Ault Commercial Realty, Inc. , 802-773-0600.

Property Type

Commercial Lease

Year Built

1870

County

Rutland

Listing ID

5071873

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:No

Exterior Features

Zoning:DB - Downtown Business
Sewer:Public
Principal Interest
$2
Taxes
$1

Home Price

$1,065

Loan Details

30 yrs
%

Down Payment

20%
$213
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Monthly Price:
$2.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2.37 $0.68 $0.00 $3.05
Yearly $28.40 $8.15 $0.00 $36.55
Total $852.00 $244.42 $0.00 $1,096.42

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rutland City, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.