Properties Near 224 North Main Street Rutland City, VT

Very fast paced operation, not uncommon to have waiting lines for up to an hour on Saturday and Sundays. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building contains 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20% to 30%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.

This is a very well located Redevelopment Opportunity with possible restoration of existing Restaurant, Kitchen and part of Dairy Bar bldg covering a total of approximately 9,500 to 12,000 sq. ft. The balance of the 36,225 sq. ft. building likely needs to be razed with some salvage value of steel frame. In its Prime in the mid 1980's the complex consisted of 3 buildings joined together: A 9,534 sf Restaurant bldg, 21,111 sf Dairy Bldg including a 2,400 sf Dairy Bar, and a 5,580 sf Distribution Center with drive-thru truck wash/repair bay and 3-Bay Garage with three 12'x14' OHD's. Two other buildings on the site include a former 2-story residence (in serious disrepair) near the south property line, and a large Quonset Storage Building toward the rear north side of the property. Appraised by a VT-licensed General Appraiser for $975,000 in August 2022, it is offered at 15% below that, despite 6.2% inflation since then, for an inflation adjusted savings of 21%. Owners successfully appealed the City Tax Assessed value of approx. $1.25 million down to the current $770,800 assessed value. ABOUT 2/3rds OF BLDG IS IN SERIOUS DISREPAIR, WITH ROOF, CEILINGS AND SOME FLOORS COLLAPSING. OWNER MUST ACCOMPANY SHOWINGS OF FULL STRUCTURE beyond the restaurant space. DISCLOSURE: Soil contamination has been identified and registered with the State, and further testing needs to be done. Buyer's engineer will be asked to speak with the State engineer about the scope of contamination.

WAREHOUSE SPACE 7000 square feet of prime warehouse space on ground floor and additional office space on second floor. Current tenant has added a cafe, fire place, auditorium which can all be removed. Improved bathrooms and small kitchen. Ample parking with easy exit/entrance for trucks and cars. Easy access to Rte 7 at a traffic light. Motivated seller.

Prime Commercial Property in growing West Rutland, VT! Seize the opportunity to own 1.02 acres of highly visible, strategically located real estate in the heart of this beautiful Vermont town! Situated right off Exit 6 from US Route 4, this property is adjacent to Westway Plaza and the U.S. Post Office, ensuring excellent traffic and visibility. Currently, the property features three large structures: • A spacious office with an attached workshop prominently positioned at the front. • A two-bay, drive-through car wash set further back. • A 32’ x 32’ garage with two 12’ overhead doors, perfect for storage, automotive, or expansion. With endless possibilities, this versatile property is ready for its next chapter—whether it’s retail, automotive, service-based, or another exciting venture. Don’t miss your chance to invest in this thriving location! Welcome to West Rutland—your next great business opportunity starts here!