Storefront
For Sale
Contact for pricing
365 Riverside Ave, Burlington, VT 05401
The building may be repositioned for restaurant, bakery, service, or office use.
Property Size2,980 SF
Price / SF$218.12
Days on Market56
Property Features for 365 Riverside Ave
General Information
Standard status
Active
Size
2,980 SF
Property subtype
RETAIL
Listing Agency:
Donahue & Associates
(802) 862-6880
Listed By:
Steve Donahue · License #0810004508
(802) 324-0937
Source:
Moodyscre
Added: Aug 20
Changed: Oct 6
Last Checked: Oct 12 at 5:43PM
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 2,980-square-foot storefront building is offered for sale at 365 Riverside Ave in Burlington, Vermont. The property is presented as a candidate for repositioning to accommodate a new business concept.
Potential redevelopment scenarios identified for the building include a restaurant, coffee shop, bakery, service business, or insurance office. Its existing storefront format provides a base for evaluating these commercial uses and other business configurations.
Potential redevelopment scenarios identified for the building include a restaurant, coffee shop, bakery, service business, or insurance office. Its existing storefront format provides a base for evaluating these commercial uses and other business configurations.
Key Highlights
- 2,980‑square‑foot storefront building
- Located at 365 Riverside Ave, Burlington, VT 05401
- Potential conversion to restaurant, coffee shop, or bakery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,706
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,120
$874.1K
Cap Rate 7%
$624,371
$624.4K
Cap Rate 9%
$485,622
$485.6K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$64.4K $21.60/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$62.4K $20.95/SF
− OpEx
−$18.7K −$6.29/SF
NOI
$43.7K $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%
$874,120
Cap Rate 7%
$624,371
Cap Rate 9%
$485,622
Alternative Uses
Best Use
Retail
$624.4K
$546.3K – $728.4K
NOI $43,706 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$817.4K
$715.2K – $953.6K
NOI $57,216 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Home Improvements & Furnishings 1%
Cumberland Farms
Shops & Services
11,914 visits/mo
0.2 miles
Shell
Shops & Services
4,812 visits/mo
0.3 miles
U-Haul Of Burlington
Shops & Services
1,255 visits/mo
0.2 miles
VIP Tires & Service
Shops & Services
1,151 visits/mo
0.4 miles
Johnstone Supply
Home Improvements & Furnishings
112 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - The building may be repositioned for restaurant, bakery, service, or office use.
Where is this storefront property located?
The property is located at 365 Riverside Ave Burlington, VT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,980‑square‑foot storefront building; Located at 365 Riverside Ave, Burlington, VT 05401; Potential conversion to restaurant, coffee shop, or bakery
