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Listed By Ray Ault Ault Commercial Realty, Inc. RayAultVt@gmail.com
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Est. payment /mo
Active
5 Commons ST Rutland City, VT 05701
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5105168
Annual Tax Amount $7,913
Tax Year 2027
Property Description
This 1,470.5 sq. ft. Professional Office Condominium is conveniently directly across from the hospital (RRMC) for likely medical office use or other professional services business. Asking Price was just reduced by $20,000 to $205,000, yielding a 9.65% Cap Rate! Offered subject to a Lease through 14 Oct 2027, on a Triple Net basis. (However, Tenant is willing to move earlier for Buyer's business or a replacement tenant, as they have outgrown this 8-room space they otherwise love!) Base Rent for the year starting 15 Oct 2027 is $1,720.00/mo., or $14.00/sf, NNN. Net Expenses, paid monthly by Tenant as "Additional Rent" is about $1,400.00/mo., or $11.75/sf, plus tenant pays direct to vendors: electric, WiFi, Tenant's Insurance and interior cleaning. Ample parking at your door is a big plus!...as is an attractive vegetation-enclosed lunch-break table in fair weather. The Commons Office Condo complex is one of the most desireable in the City, and tends to command well above avg office lease rates and sale prices. See Sellers Property Info Report for 12-pg Q&A on systems serving Unit C-5.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning POP
Rooms
Basement Basement Stairs, Concrete, Concrete Floor, Crawl Space, Exterior Access, Locked Storage, Partial, Storage Space, Unfinished
Interior
Inclusions Land/Building
Exterior
Utilities Available Cable
Building
Sewer Public
Water Public
