505 Riverside AvenueBurlington, VT 05401MLS Number 4942503

Price: $285,000
Est. Mortgage of $/month
43 Days on Market

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.

More Info

Basic Information

StatusPEN
List Price$285,000
MLS Number4942503
MLS StatusPending

Property

Acreage2.63
Parking Spaces
Lot DescriptionCity Lot, Corner, Major Road Frontage, River Frontage, Sidewalks
Square Feet1,127
APX Fin AG Sqft1,127
Road Frontage248
RoadsPublic
Area
- Business District
- Commercial Zoning
- Near Hospital
- Near Paths
- Near Public Transportatn
- Near Railroad
- Near Shopping

Other

Taxes$4,833.2
Seasonal Y/NNo
TrashDumpster, Tenant
Unit 1 Deposit$2,500
View Count2

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningNAC and RCD-C
Elementary SchoolChoice
Junior HighChoice
High SchoolBurlington High School
Flood Zone Y/NNo

Interior

FloorsVinyl

Utilities

Heat FuelGas - Natural
Heat SystemGas Heater - Vented
WaterPublic
Water HeaterGas
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesGas - Underground, Underground Utilities

Building

Year Built1945
Building ConstructionWood Frame
StyleOther
Units1
Unit 1 Bath1
Unit 1 Floor Location1
Unit 1 Total Rooms3
Bathroom1
Total Baths1
FoundationConcrete

Exterior

ExteriorVinyl Siding
RoofMembrane, Shingle - Architectural
Exterior ColorRed

Water Body

Water Body TypeRiver
Waterfront582
Water Body NameWinooski River
Water AccessOwned
Water ViewNo
Water Access DetailsDirectly Adjoining

Copyright 2023 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real 2estate displayed on this display comes in part from the IDX Program of New England Real Estate Network. The information being provided is for consumers’ personal, non- 3commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last 4updated March 21, 2023 3:53 AM EDT

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Your Questions & Comments I found a listing on "Dave Chenette | Chenette Real Estate" which you may be interested in:

505 Riverside AvenueBurlington, VT 05401MLS Number 4942503

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