Mixed-Use Property with
For Sale
Contact for pricing
215 Riverside Ave., Burlington, VT 05401
Two-level commercial property includes a laundromat, propane business, shop, and office space.
Property Size3,368 SF
Price / SF$230.11
Days on Market532
Property Features for 215 Riverside Ave.
General Information
Standard status
Active
Size
3,368 SF
Property subtype
Retail, Multifamily, Office, Land, Business for Sale
Zoning
NAC-R
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1965
Year Renovated
2004
Stories
2
Listing Agency:
Donahue & Associates
Listed By:
Steve Donahue · License #VT 081-0004508
(802) 862-6880
Source:
Crexi
Added: May 1, 2025
Changed: Oct 10
Last Checked: Oct 12 at 7:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Donahue & Associates
Investment Insights
Based on property information with market context.
This mixed-use property includes a laundromat and propane business, both included with the real estate purchase. The improvements also feature a small shop with office space arranged across a two-level building. The property was built in 1965 and has a reported property size of 3,368.
NAC-R zoning is identified as supporting a housing project, with the possibility of adding an apartment level above the existing commercial uses. The site offers access through a lighted intersection and views of the Winooski River Salmon Hole. UVM Medical Center and the University of Vermont are identified among the area’s major employers with convenient access from the property.
NAC-R zoning is identified as supporting a housing project, with the possibility of adding an apartment level above the existing commercial uses. The site offers access through a lighted intersection and views of the Winooski River Salmon Hole. UVM Medical Center and the University of Vermont are identified among the area’s major employers with convenient access from the property.
Key Highlights
- Laundromat and propane business included with the real estate purchase
- Two‑level building with a small shop and office space
- NAC‑R zoning identified as supporting a housing project
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,396
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,920
$987.9K
Cap Rate 7%
$705,657
$705.7K
Cap Rate 9%
$548,844
$548.8K
Market Conditions
NOI Build-Up for 3,368 SF
Gross rent
$72.7K $21.60/SF
− Vacancy
−$2.2K −$0.65/SF
EGI
$70.6K $20.95/SF
− OpEx
−$21.2K −$6.29/SF
NOI
$49.4K $14.67/SF
Area
Chittenden County, VT
Vacancy
3.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$987,920
Cap Rate 7%
$705,657
Cap Rate 9%
$548,844
Alternative Uses
Best Use
Retail
$705.7K
$617.5K – $823.3K
NOI $49,396 @ 7.0% cap · market cap 6.37%
Second Best
Office B
$675.5K
$591.1K – $788.1K
NOI $47,287 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$923.8K
$808.3K – $1.08M
NOI $64,666 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,874
Businesses Nearby
Explore this area
Business Placement
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property includes a laundromat, propane business, shop, and office space.
Where is this mixed-use property located?
The property is located at 215 Riverside Ave. Burlington, VT.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Laundromat and propane business included with the real estate purchase; Two‑level building with a small shop and office space; NAC‑R zoning identified as supporting a housing project
