137 N. Main Street Rutland City, VT 05701

1 / 15

View all 15 Photos

Map

For Sale: $169, 500.00 ...or Lease for $1, 245/mo., NNN. Net expenses estimated at $963.00/mo., plus heat and electric. This one-story 1, 680 sq. ft. garage, with 3 bays and 11-ft high overhead doors, was built in the 1950's and renovated in 2005. It's heated with recycled waste-oil with a furnace designed for that fuel, or can be switched back to #2 heating oil. The paved area in front of and to the north side of the bldg is about 7, 000 sq. ft. Efficiency Vermont upgraded all lighting to more efficient fixtures. Other improvements: New Overhead Doors made work bays relatively airtight and remodeled office & waiting area. Subject property is listed on the State of Vermont DEC Hazardous Sites list as Active. The original gasoline storage tanks serving the gas pumps were removed in 1999. Seller advises subject site is registered with the Vt Petroleum Clean-up Fund, subject to certain procedures being followed by owner. Any sale will be subject to Buyer's engineer communicating with the Site Technician assigned to this site for a complete understanding of the impact on their client of proceeding with a purchase of subject property. The property was independently appraised in Nov 2016 by a Vt-licensed Appraiser at a value of $155, 000. Applying a CPI Inflation factor since then yields a $196, 000 value!