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.
Details
| MLS # | 5071873 |
|---|---|
| Listing Type | For Lease |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1870 |
| Days On Site | 306 |
| Listing Provided By | Ault Commercial Realty, Inc. | Ray Ault |
Features
| Zoning | DB - Downtown Business |
|---|
Exterior
| Roof | Flat, Membrane |
|---|---|
| Construction Materials | Wood Frame, Brick Exterior |
Utilities
| Utilities | Cable at Site, Propane |
|---|---|
| Sewer | Public Sewer |
Area Information
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| Listing VS Median (in 05701) | |
Price: $1,065 low | high Med: $101,899 On site: 306 low | high Med: 461 | |
Market Activity 05701
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| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| Listing VS Median (in 05701) | |
Price: $1,065 low | high Med: $101,899 On site: 306 low | high Med: 461 | |