173 S Main St, Rutland, VT 05701

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173 S Main St is located in Rutland, VT.

This is truly a prime retail location, with the highest traffic count in Rutland County. Adjacent to the State Fairgrounds. SALE OF BLDG ON LEASED LAND with approx. 23 years remaining on Ground Lease (through April 30, 2034) from the Rutland County Agricultural Society (owner of the Rutland State Fairgrounds). 3,660 sf main floor, plus 3,600 sf partially finished full basement, yields total bldg are of 7,260 sq. ft. Buyer should run a "net present value" analysis of the bldg using a life of 22+ years. Ground lease presently $576/mo, with escalators, bldg lease is $6,000/mo., NNN.
Was once the home of the Fairmont Restaurant, visited by Presidential candidate JFK.
Directions: On SW corner of S Main St and Park St., approx 1 mile south of the junction of Woodstock Avenue (Rte 4 East) and N. Main Street (US 7).