Waterfront
Listing Provided Courtesy Of:
Matt Hurlburt with RE/MAX North Professionals - Burlington.
Address
505 Riverside Avenue Burlington, VT
Price
$ 259,900
Property Attributes
  • MLS#4766577
  • TypeCommercial
  • CountyCHITTENDEN
  • CityBurlington
  • AreaChittenden
  • NeighborhoodUnknown Pond
  • Zip05401
  • StyleBusiness,Hospitality,Investment
  • Year Built1945
  • Taxes5368
  • Price$ 259,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1110
  • Lot Size2.8 Acres
Listing Provided Courtesy Of:
Matt Hurlburt with RE/MAX North Professionals - Burlington.
Property Description

This high visibility commercial property is situated on the edge of the Old North End, on one of Burlington’s highest traffic count arteries, and has been reduced in price for quick sale. It offers 248 feet of road frontage on Riverside, and exceptional parking. Formerly owner occupied as the Little Red Kitchen, it is now occupied by a tenant operating as another restaurant, with a lease in place through 05/31/20. 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. Phase 1-A report by GeoDesign, Inc is available. Building ONLY for sale, not business.

Price History
7/23/2019 Listed $259,900

General Features

Building Number 1
Construction Timber Frame
Cooling Central AC
Electric Circuit Breaker(s)
Features - Accessibility 1st 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
Features - Commercial Public Restrooms, In-Unit Bathroom
Listing Area VT-Chittenden
Parking Driveway, On-Site, Parking Spaces 11 - 20, Parking Spaces 21+, Paved, Unpaved
Price Per Sq Ft 234.14
Road Frontage Yes
Roof Membrane, Shingle - Architectural
Sewer Public
Status Active
Tax Year 2021
Transport/access City Street, Major Road Access, Near Airport, Public Transportation, State Highway, Paved
Type Commercial Sale
Utilities Gas - Underground, Underground Utilities
Water Public
Year Built 1945
Zoning NAC and RCO-C

Interior Features

Basement No
Basement Description None
Equipment CO Detector, Smoke Detectr-Hard Wired, Sprinkler System, Air Conditioner
Gas - Natural Available Yes
Total Number of Units 1

Exterior Features

Exterior Vinyl Siding
Foundation Concrete
Lot Description Agricultural, City Lot, Corner, Hilly, Major Road Frontage, River Frontage, Sidewalks, Steep, Street Lights
Lot Size Area 2.8
Road Frontage Length 248
Water Body Access Yes
Water Body Name Unknown Pond
Water Body Type River
Water Frontage Length 582

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 05401

Statistics provided by Inside Real Estate

Price
AVG $1.02M
$260K
Taxes
AVG $22,923
$5,368
Visits
AVG 33
86
Year Built
AVG 1938
1945
Walkscore
AVG 91
66
Data Provided by Walkscore ® not using MLS data

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