All Purpose Storage - Rutland
For saleUnder contract1331 US-7, Rutland, VT 05701
Area Description
Economy & Major Employers: The local economy is driven by a robust mix of healthcare, advanced manufacturing, and tourism sectors. Major employers anchoring the area include the Rutland Regional Medical Center, which serves as a critical healthcare hub for the region, and GE Aerospace, providing a highly skilled foundation for the local workforce. These institutional anchors offer resilient employment opportunities and stimulate consistent commercial activity throughout Rutland County. Infrastructure & Accessibility: The region benefits from excellent connectivity via a network of primary state and federal highways. U.S. Route 7 serves as the major north-south commercial artery, while U.S. Route 4 provides vital east-west access across the state. For passenger transit and broader regional connectivity, the Ethan Allen Express Amtrak service operates directly through Rutland. This strategic proximity to major highways and rail infrastructure establishes the area as a highly accessible logistical and transit hub. Neighborhood & Amenities: The immediate neighborhood surrounding the property features a vibrant mix of retail centers, local businesses, and daily conveniences. Downtown Rutland is located just minutes away, offering a historic and highly trafficked commercial corridor filled with dining, shopping, and services. Additionally, the world-renowned Killington Resort draws significant year-round tourism, further enhancing the local amenity base and driving consistent consumer traffic to the surrounding commercial districts. Economic Growth: The area is experiencing significant capital investment and revitalization efforts. The highly anticipated Downtown Hotel Project is set to transform the city center, creating numerous construction and permanent jobs while boosting local tourism capacity. Furthermore, monumental housing and community development initiatives, including the Roofs Over Rutland program, are expanding local infrastructure and residential appeal, signaling strong long-term economic momentum and sustained growth for the entire county. The All Purpose Storage facility at 1331 U.S. 7 in Rutland, VT, is strategically positioned within a central commercial and healthcare corridor. As the primary economic hub for Rutland County, the city sits in the heart of the region, offering excellent connectivity and regional access via U.S. Highway 7. The market features a stable and affluent demographic base across Rutland and West Rutland, highlighted by an impressive average household income of $83,366. With a strong local workforce and established residential neighborhoods, the demographic profile suggests steady self-storage demand from established residents and transitioning professionals. Additionally, excellent regional access to surrounding outdoor recreational areas drives consistent seasonal and recreational storage needs. The surrounding neighborhood provides a robust commercial footprint, anchored by major regional retailers and essential services. The local economy is bolstered by significant institutional and industrial demand drivers, including major employers like Rutland Regional Medical Center and GE Aerospace, which provide substantial employment stability. Furthermore, regional infrastructure and development initiatives like the highly anticipated Downtown Hotel Project are bringing renewed economic vitality and jobs to the area. Operating in a prominent commercial corridor with strong visibility along U.S. 7, the facility is perfectly positioned to capitalize on expanding economic activity, robust local employment, and steady demand from the surrounding community. The Facilities Are Located Less Than Four Miles From Each Other, Allowing for Management Efficiencies. The Rutland MSA is Comprised Solely of Rutland County, Which is Located in Eastern Vermont and is Home to 60,271 Residents.
Area Highlights
- The Facilities Are Located Less Than Four Miles From Each Other, Allowing for Management Efficiencies.
- Strong Occupancy and a Moderate SF/Capita Should Allow the Next Owner to Increase Revenue Through Existing Customer Rent Increases.
- Strong Average Household Income of $83,366 Within Five Miles of the Rutland Location.
- The Rutland MSA is Comprised Solely of Rutland County, Which is Located in Eastern Vermont and is Home to 60,271 Residents.
Location
Moving & Storage