198 North Main Street # C-4
Rutland City, VT, 05701 $ 98,500
Bedrooms-- Baths-- Sq 1,396 Monthly Estimate*
$ 606
Listed by Ray Ault, Ault Commercial Realty, Inc., 802-773-0600, RayAultVt@gmail.com
Commercial Property for sale in Rutland City, VT
for $98,500. This 1,396 square foot building was built in 1974 on a lot size of 1.43.
Attractive 1,396 sf 2nd Floor Professional Office Condominium at Pond Meadow Park in excellent high-traffic location with plenty of on-site parking (30 cars + or -), beautifully landscaped grounds and pastoral views across Tenney Brook. Currently configured as a 4-room law office: reception, conference room, large private office, plus smaller adjacent office, plus storage room. Additionally Unit C-4 shares with other Units in bldg as "Limited Common Area" a large well-appointed client lounge with lots of natural light and a common break-room. Owner successfully appealed the Property Tax Assessment from $116,100 to the current $67,500, reducing the annual tax from $4,738 to the current $2,755. Condo Association recently replaced the furnace, and upgraded the entry walkway, hallway and restrooms,...and installed insulated glass windows all around except in Unit 3. Subject unit has an undivided 6.59% interest in the land, and a 20% interest in the Commercial Office Bldg. Some office furnishings and equipment are available at an additional negotiable cost. Owner will seriously consider all offers!...Note: Although currently 2nd floor walk-up units, the Condo Association Board of Directors is on record having voted to allow either or both owners of Suites C-4 and C-5 to install at their sole expense a glass-enclosed chair lift from 1st floor to 2nd floor via the existing atrium modified to accommodate same, thereby making 2nd Floor handicapped accessible.
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FeaturesInteriorBasement Description Concrete Floor Partial
Basement Yes
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GeneralRoad Frontage Yes
Sewer Public
Heating Baseboard Hot Water Oil
Utilities Cable Available
Roof Asphalt Shingle
current use No
Flood Zone Yes
Zoning GB-NMS Business
Year Built 1974
Tax Rate 4.08
Business Type Investment Office
Unit Number C-4
Assessment Amount 67500
Accessibility Features 3 Ft. Doors Access to Parking Access to Restroom(s) Bathroom w/5 Ft. Diameter Easy Grip Door Hardware Grab Bars in Bathroom Hard Surface Flooring Paved Parking Zero-Step Entry Ramp
Tax Year 2026
Building Name Pond Meadow
Status Detail 0
Covenants Yes
Construction Materials Wood Frame Wood Siding
Directions North on Main Street right turn into Pond Meadow complex and stay far right. The front bldg in the complex is the Commercial Office bldg. Go in front door and turn right up the stairs into the 2nd fl
City Rutland City
DOM 53
Price Per Sq Ft Total AG 70.56
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ExteriorLot Size Area 1.43
Water Source Public
Parking Features On-Site Parking Spaces 21+ Paved
Water Body Name Tenney Brook
Foundation Poured Concrete
Water Body Type Brook/Stream
Water Body Access Yes
Water Access Details Directly Adjoining
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* Excluded FeaturesList ByAult Commercial Realty, Inc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $606
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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451920 Elementary School
452237 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/4/2025 | $98,500 | | Listed Price |