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Prime Downtown Rutland Commercial Property 36 Strongs Ave 12,444 SF 100% Leased Retail Building Rutland, VT 05701 $901,810 CAD ($72.47 CAD/SF)
EXECUTIVE SUMMARY
Prime Downtown Commercial Opportunity
36 Strongs Avenue | Rutland, VT
Step into a landmark property at 36 Strongs Avenue, the former home of the iconic four-generation Palms Restaurant. Positioned in the heart of downtown Rutland, this highly visible commercial building offers exceptional flexibility and long-term potential. Available for sale or for lease.
Located directly across from Rutland Plaza, the property benefits from outstanding exposure to both vehicular and pedestrian traffic—an ideal setting for businesses seeking prominence and accessibility.
Property Highlights:
Gross Building Area: 12,444 SF
Finished Space: Approximately 8,300 SF (per City of Rutland property records)
Stories: Two
Bathrooms: 6 half baths
Construction: Circa 1900 wood-frame structure with cement block exterior walls
Roof: Flat rubber membrane
Lot Size: ~0.15 acres
Endless Possibilities:
This prime downtown asset is well suited for a wide range of uses, including:
Restaurant or retail redevelopment
Professional or creative office space
Mixed-use or residential conversion
With its historic character, adaptable layout, and unbeatable downtown location, 36 Strongs Avenue represents a rare opportunity to invest in one of Rutland’s most visible commercial corridors.
?? Call Duncan today for more information or to schedule a showing.
36 Strongs Avenue | Rutland, VT
Step into a landmark property at 36 Strongs Avenue, the former home of the iconic four-generation Palms Restaurant. Positioned in the heart of downtown Rutland, this highly visible commercial building offers exceptional flexibility and long-term potential. Available for sale or for lease.
Located directly across from Rutland Plaza, the property benefits from outstanding exposure to both vehicular and pedestrian traffic—an ideal setting for businesses seeking prominence and accessibility.
Property Highlights:
Gross Building Area: 12,444 SF
Finished Space: Approximately 8,300 SF (per City of Rutland property records)
Stories: Two
Bathrooms: 6 half baths
Construction: Circa 1900 wood-frame structure with cement block exterior walls
Roof: Flat rubber membrane
Lot Size: ~0.15 acres
Endless Possibilities:
This prime downtown asset is well suited for a wide range of uses, including:
Restaurant or retail redevelopment
Professional or creative office space
Mixed-use or residential conversion
With its historic character, adaptable layout, and unbeatable downtown location, 36 Strongs Avenue represents a rare opportunity to invest in one of Rutland’s most visible commercial corridors.
?? Call Duncan today for more information or to schedule a showing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,444 SF
Building Class
B
Year Built
1900
Price
$901,810 CAD
Price Per SF
$72.47 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.15 AC
Opportunity Zone
Yes
Frontage
85’ on Strongs Avenue
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 540-170-14877 | Improvements Assessment | $376,402 CAD |
| Land Assessment | $63,543 CAD | Total Assessment | $439,945 CAD |
PROPERTY TAXES
Parcel Number
540-170-14877
Land Assessment
$63,543 CAD
Improvements Assessment
$376,402 CAD
Total Assessment
$439,945 CAD
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Prime Downtown Rutland Commercial Property | 36 Strongs Ave
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