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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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 Count1

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

Legal

Taxes$4,833.2
Price/SF$252.88
NOI23115
OtherStructuresLand/Building
ZoningNAC and RCO-C
Excluded From SaleBusniess NOT included

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 30, 2023 1:23 AM EDT

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Your Questions & Comments I found a listing on "LARKIN REALTY" which you may be interested in:

505 Riverside AvenueBurlington, VT 05401MLS Number 4942499

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