231 N Main Street, Rutland, Vermont
231 N Main Street, Rutland, Vermont 05701 - The USDA Forest Service has been a tenant since 1993, and is in the 1st yr year of the latest 3-yr renewal. Ample paved parking on-site. Two deeds in: Bk 261, Pgs 76-78, and Bk 292, Pgs 329-334. 4 of 5 HVAC roof units are recently new, and the parking lot has been re-sealed. A great 1031 replacement income property! Priced at a 8.7% Cap Rate applying a 7.5% vacancy (even though its been 100% occupied since 1993), and a 2.5% capital reserve assumptions.
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Listing Courtesy of Ray Ault ~ Ault Commercial Realty, Inc.