123 Park St - Manufacturing FOR SALE


Rutland, VT 05701
$1,200,000 USD
802-773-8471
123 Park St, Rutland, VT for Sale
$1,200,000 USD
Manufacturing - FOR SALE
1/25
null | 7.29% Cap Rate

NEW


123 Park St
Rutland, VT 05701


OVERVIEW

Well maintained commercial building close to major highways and in a nice central location. 11,808 square feet sits on 1.9 acres in an industrial zoned area with large parking lot and wrap around driveway. Freshly updated paint, entry doors and exterior east wall replaced in 2023. Two offices with new heat pumps and air conditioning installed in 2024. The building was used for light industrial and warehousing but would work well for a broad range of uses. The building has two loaded docks, one with a pit leveler and one with an exterior manual leveler, and a large overhead drive in door as well. Full motion sensor alarm system and 8 camera video system. 3 phase electrical. Two bathrooms, washroom and a large breakroom area. There is a current LOI on the property for a 3 year NNN lease. Purchaser can decide whether to move forward with that or not.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting - Fluorescent, Gas - Propane, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.92

LAND SF

83,635

ZONING

Industrial

APN/PARCEL ID

540-170-14840

ASK ABOUT THIS PROPERTY

Jessica DambrackasVMS Properties LLCMore Info
802-773-8471

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Jessica DambrackasVMS Properties LLCMore Info
802-773-8471

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.