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Listed by Ray Ault • Ault Commercial Realty, Inc. • RayAultVt@gmail.com
$ 205,000
Est. payment | /mo
1,702 SqFt
$ 205,000
Est. payment | /mo
1,702 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,702 sqft
Price per Sqft $120
MLS Listing ID 5105168
Year Built 2000
Annual Tax Amount $7,913
Tax Year 2027
Property Description
Possible Seller Financing is offered on this 1,702 sq. ft. (Gross Area), 1,470.5 sq. ft. (Net Area) Professional Office Condominium is conveniently directly across from the hospital (RRMC) for likely medical office use or other professional services business. Asking Price recently reduced by $20,000 to $205,000, yielding a 9.8% 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 $1,450.00/mo., or $11.83/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. Terms of Seller-Financing are negotiable, and subject to good credit rating.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning POP - Planned Office Park
Rooms
Basement Entrance Interior
Basement Concrete, Concrete Floor, Crawl Space, Partial, Locked Storage, Storage Space, Unfinished, Exterior Access, Basement Stairs
Interior
Inclusions Land/Building
Exterior
Utilities Available Cable
Roof Type Asphalt Shingle
Building
Sewer Public
