50 Diamond Run Mall Pl S
Rutland, VT 05701
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 25,000 cars per day drive pass this highly visible property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
6,585 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.04 AC
Parking
128 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
400’ on US Route 7
AMENITIES
- Restaurant
- Air Conditioning
ABOUT 50 DIAMOND RUN MALL PL S , RUTLAND, VT 05701
Currently a Ground Round restaurant and formerly a Ponderosa. This stand alone property has a huge parking lot which had been approved for a 2nd building to be built of approximately 5,000 SF. The previous owners decided not to build after getting all approvals. Not sure the status of the approvals. Assume that you will have to re-apply for approvals. The subject property was also almost subdivided and an acre of the property was going to be sold to a potential development of a retail store. There are a lot of opportunities available to an investor or national tenant. Current property owners operate the Ground Round and are looking to retire.
PROPERTY TAXES
| Parcel Number | 543-171-10859 | Improvements Assessment | $599,400 |
| Land Assessment | $628,000 | Total Assessment | $1,227,400 |
