505 Riverside AvenueBurlington, VT 05401MLS Number 4942499

  • Price: $285,000
  • 53 Days on Market
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Federal 30-year interest rate: 6.42% last updated on Mar 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Pending
505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401505 Riverside Avenue Burlington VT 05401
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  • 2.63Acreage
  • 1945Year Built
  • 1,127Square Feet

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Listed by Matt Hurlburt of RE/MAX North Professionals - Burlington
This high visibility commercial investment property is situated on the edge of the Old North End, on one of Burlington's highest traffic count arteries, reporting 17,281 vehicles per 2022 VTrans report. It offers 248 feet of road frontage on Riverside, with exceptional parking and exposure. This prime location takes advantage of a generous diverse drive-by clientele serving Winooski, UVM College and Medical Center campuses, Burlington's Old North End, and New North End. Formerly owner occupied as the Little Red Kitchen, it now serves a successful restaurant tenant, approaching their 4 year anniversary operating from this location. Renovations in 2014 include floors, cabinets, baseboard, paint, renovated prep kitchen with 3 bay stainless sink, upgraded refrigeration system, new Ansel system, emergency lighting, new bathroom with self-close door and handicap roll-in access, etc. Some fixtures and equipment are the property of the tenant. Ideal investment for a landlord seeking a good CAP rate, or for an owner/occupant wishing to expand their own enterprise. Building and land ONLY for sale, not business. Please be respectful of the current tenant and clientele, as showings are by appointment only.

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More Info

Basic Information

  • PermissionDeed

Building

  • Year Built1945
  • ConstructionTimber Frame
  • NumberOfUnitsInCommunity1
  • FoundationConcrete
  • Square Feet1,127
  • Available Sqft1,127
  • BasementNone
  • Garage Spaces
  • Rail Available Y/NNo

Utilities

  • FuelGas - Natural
  • Heating CoolingGas Heater - Vented
  • Phone Companychoice

Other

  • AC percent100
  • Transport AccessCity Street, Major Road Access, Near Airport, Public Transportation, State Highway, Paved
  • View Count6

Basic Information

  • StatusPEN
  • Modification Date03/10/2023
  • TypeBusiness, Hospitality, Investment
  • List Price$285,000
  • Broker NameRE/MAX North Professionals - Burlington
  • Listing Agent NameMatt Hurlburt
  • Lister Office NameRE/MAX North Professionals - Burlington
  • MLS Number4942499
  • MLS StatusPending

Exterior

  • ExteriorVinyl Siding
  • RoofMembrane, Shingle - Architectural

Amenities

  • Accessibility Amenities1st Floor 1/2 Bathroom,1st Floor Hrd Surfce Flr,3 Ft. Doors, Access Parking, Access Restrooms, Hard Surface Flooring, No Stairs, No Stairs from Parking, Paved Parking

Location

  • Building Number505
  • StreetRiverside Avenue
  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden

Property

  • Acreage2.63
  • Parking Spaces
  • Property TypeCommercial Sale
  • Area
    • Business District
    • Commercial Zoning
    • Near Hospital
    • Near Public Transportatn
    • Near Railroad
    • Near Shopping
  • Lot Sqft114,563
  • Road Frontage248
  • Traffic Count17281
Berkshire Hathaway HomeServices Stratton Home
Berkshire Hathaway HomeServices Stratton Home
Office: 802-297-2100
PO Box 396
54 VT Rte 30
Bondville, VT 05340
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Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated March 31, 2023 3:53 AM EDT

 

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