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Listed by Mike Kalil of Rutland

Listing Sold by Rutland
Buildings and land Only for sale not the business, Property consists of two commercial buildings on 1.1+/- acres in Rutland city. 3,300 sq.ft. Heated building with 4 truck bays, one loading dock, one office, and one bath currently vacant, it was rented for over 15 years for $1450 a month (NN) to Koffee Kup Bakery , they went out of business at the beginning of the pandemic and a 20,670 sq.ft building currently leased to Discount Food Store. In addition this building has solar panels which produces around $2000 a month in electricity, it will be owned in 3 years(lease to own ), Cap Rate 9.5 % Currently without the second building rented and in 3 years income increases by $2500 once the Sola panels are owned.(Cap rate over 11.5%)

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