217 Barre Paxton Rd
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217 Barre Paxton Rd
3,694 SF 25% Leased Retail Building Rutland, MA 01543 $374,900 ($101/SF)
Investment Highlights
- 4 way intersection with blinking light
- 3 buildings - residential, office, garage
Executive Summary
Here is a great income/investment opportunity. Great place to add to your portfolio or use for your personal business with multiple options. Situated on RT122 at a lighted intersection in the prime location of Rutlands “4 Corners” is this multi use commercial/residential property. Located in the Village Center District zone, it opens up many possibilities for the use of this property. There are currently 3 buildings and a large (14x32) shed on site. The single family home has 4 bedrooms all on the second floor, 2 full baths, an eat-in kitchen, living room and wrap around porch. Home needs complete rehab. Some of the renovations have been started and need to be completed. The office is currently vacant and has two smaller spaces, each with their own electric. The space could be opened up between the two to make one large office or retail space. Both spaces have storage areas behind the office. The Auto shop/garage is a single bay (2 car deep) w/ doors on both sides. The sale includes a two post lift, 200amp electrical service, a workshop area, small office & bathroom. The entire property is serviced w/ 300+ft deep well & two cesspools. The roof on garage was replaced in approx 2014, the roof on the office was replaced in approx 2011. The house is heated via forced hot water (oil), the office is heated via forced hot air (propane), and the garage is heated via waste oil heater. The lot has been cleared and is currently being leased out to a local bus company to park busses. Open 21E on file with DEP
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | $12,000 | $3.25 |
Vacancy Loss | - | - |
Effective Gross Income | $12,000 | $3.25 |
Net Operating Income | - | - |
Financial Summary (Actual - 2022)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | $12,000 |
Annual Per SF | $3.25 |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $12,000 |
Annual Per SF | $3.25 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
3,694 SF
Building Class
C
Year Built
1920
Price
$374,900
Price Per SF
$101
Percent Leased
25%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.07
Lot Size
1.27 AC
Zoning
VC - Village Center (VC) districts are target areas for small neighborhood-scale businesses including services, retail, restaurants, and meeting places.
Parking
30 Spaces (8.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
PROPERTY TAXES
Parcel Number | RUTL-000013-A000000-000002 | Improvements Assessment | $186,300 (2024) |
Land Assessment | $81,100 (2024) | Total Assessment | $267,400 (2024) |
PROPERTY TAXES
Parcel Number
RUTL-000013-A000000-000002
Land Assessment
$81,100 (2024)
Improvements Assessment
$186,300 (2024)
Total Assessment
$267,400 (2024)
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217 Barre Paxton Rd
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