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Off market
  • $578,700

    505 Riverside Ave, Burlington, VT 05401

    --beds
    0baths
    1,127sqft
    MultiFamily
    Built in 1945
    -- sqft lot
    $578,700 Zestimate®
    $513/sqft
    $2,365 Estimated rent

    Home value

    $578,700

    $480,000 - $723,000

    $2,365/mo

    Zestimate® history
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    $3,112/mo

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    $3,112/mo

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    What's special

    This high visibility commercial investment property is situated on the edge of the Old North End, on one of Burlingtons 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, Burlingtons 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.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Interior area
    • Total interior livable area: 1,127 sqft

    Property

    Lot
    • Size: 2.63 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1945

    Community & neighborhood

    Location
    • Region: Burlington

    Price history

    DateEventPrice
    5/17/2023Listing removed--
    Source: PrimeMLS #4942503 Report a problem
    2/17/2023Pending sale$285,000$253/sqft
    Source: RE/MAX International Report a problem
    2/6/2023Listed for sale$285,000-18.6%$253/sqft
    Source: PrimeMLS #4942503 Report a problem
    10/6/2022Listing removed--
    Source: Owner Report a problem
    7/8/2022Listed for sale$350,000+34.7%$311/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 05401

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.