88 Cleveland AvenueRutland City, VT 05701MLS Number 4899158

  • Price: $850,000
  • 85 Days on Market
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Federal 30-year interest rate: 5.25% last updated on May 19, 2022
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Pending
88 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 0570188 Cleveland Avenue Rutland City VT 05701
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  • 1.13Acreage
  • 1960Year Built
  • 23,970Square Feet

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Listed by Mike Kalil of Watson Realty & Associates
Buildings and land Only for sale not the business, Property consists of two commercial buildings on 1.1+/- acres in Rutland city. 3,300 sq.ft. Heated building with 4 truck bays, one loading dock, one office, and one bath currently vacant, it was rented for over 15 years for $1450 a month (NN) to Koffee Kup Bakery , they went out of business at the beginning of the pandemic and a 20,670 sq.ft building currently leased to Discount Food Store. In addition this building has solar panels which produces around $2000 a month in electricity, it will be owned in 3 years(lease to own ), Cap Rate 9.5 % Currently without the second building rented and in 3 years income increases by $2500 once the Sola panels are owned.(Cap rate over 11.5%)

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More Info

Basic Information

  • StatusPEN
  • Modification Date03/31/2022
  • TypeBusiness, Retail
  • List Price$850,000
  • Broker NameWatson Realty & Associates
  • Listing Agent NameMike Kalil
  • Lister Office NameWatson Realty & Associates
  • MLS Number4899158
  • MLS StatusPending

Water Body

  • Docks1

Other

  • View Count4

Location

  • Building Number88
  • StreetCleveland Avenue
  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland

Interior

  • Ceiling Height10+

Exterior

  • ExteriorBlock

Utilities

  • FuelGas - LP/Bottle
  • Heating CoolingHot Air

Building

  • Year Built1960
  • NumberOfUnitsInCommunity2
  • Drive/Doors6
  • Square Feet23,970
  • Garage Spaces

Property

  • Acreage1.13
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft49,223
TPW Real Estate - Ludlow
TPW Real Estate - Ludlow
Office: 802-228-9400
207 Main Street
Ludlow, VT 05149
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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 22, 2022.

 

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