439 Us Route 7 N

Description

This strategically located Commercial building is on a corner lot at the north “Gateway” to Rutland’s business area: on the southwest corner of US Route 7 & McKinley Avenue, with 4,194 sq ft of heated area on the 1st floor on 1.4 acres. It is currently leased by an appliance dealer, Rutland Appliance, Inc., but could be occupied by the business of a buyer with reasonable notice to tenant allowing them to relocate their business. Not included in the above bldg square footage is an opportunity for future development: the 1760 ft.² unheated, uninsulated 2nd floor in need of total renovation. There are also an unheated 672 sf attached garage with 13 ft high ceiling, a rear attached 416 sf storage shed and a 960 ft.² detached storage barn. Deed is subject to a right of way over and along the roadway or driveway, formerly known as the “old Mill Road“ across the southeasterly portion of Subject property. Said right of way runs southwesterly from US Route 7 to a dwelling on the adjacent parcel south and west of subject property. An estimated 10% of subject property, along East Creek, its westerly boundary, is located in a flood zone, the map for which is among the documents linked to this listing. Buyers intending to change the use of the 1st floor to other than retail, or renovate the 2nd floor into residential apartments, may be required to connect to the municipal sewer line between subject bldg and US-7, subject to permits and fees. Seller has no specs on the onsite water well adjacent the exterior of the north wall of bldg adjacent tenant's office area. However, tenant's plumber has recently worked on the connection to the well. Seller's excavating contractor confirmed he installed a 500 gallon concrete septic tank somewhere on the North half of the property, but we have no site plan locating that.