5 Commons Street , C-5

Description

This 1,470.5 sq. ft. Professional Office Condominium is conveniently located across from the hospital for likely medical office use or other professional services business. Offered FOR SALE at $183,100 (city appraised value), subject to a Lease through 27 October 2027, on a Triple Net basis. Lease Terms will be shared with qualified investor-buyers. Net expenses are estimated at about $1,050/mo., plus heat & elect. The shared basement allows for a good amount of storage space, in addition to the 1,470.5 sq. ft. There is ample parking for both staff and patients/clients. The Allen Street Commons Condominium Complex is one of the most desirable in the City of Rutland, and tends to command well above average office lease rates and sale prices per sq. ft. Owners have made available a complete Sellers Property Information Report, which includes helpful information on major components and systems, with comments on past work by various contractors.