Historic Burlington Building For
495-497 Colchester Ave Burlington, VT
495-497 Colchester Ave, Burlington, VT, 00000
Contact for pricing
For Sale
Contact for pricing
Historic building with potential for redevelopment in Burlington, Vermont.
Property Size8,456 SF
Lot Size0.10 Acres
Price / SF$206.95
Days on Market270
Property Features for 495-497 Colchester Ave
General Information
- Standard status
- Active
- Size
- 8,456 SF
- Lot size
- 0.10 Acres
- Property subtype
- RETAIL
Listing Agency
V/T Commercial
(802) 343-0119
Listed by
Tony Blake
(802) 343-0119
Source
Moodyscre
Added: Oct 20, 2025 Checked: Jul 16 at 6:09 am
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 V/T Commercial
Investment Insights
Based on property information with market context.
The property at 495 Colchester Avenue is situated within an historic district. Constructed around 1840, the building features brick and post and beam construction. Originally, it served as a Blacksmith and Wheelwright shop and is considered the oldest industrial building in Burlington. At the turn of the 20th century, the building transitioned into a grocery store and second-hand shop. Before World War I, the cellar accommodated a pool hall that was frequented by cavalry soldiers from nearby Fort Ethan Allen. Following the historic flood of 1927, the road and bridge on Colchester Avenue were raised, which effectively encased the ground floor in dirt and sand for nearly a century. The property has a size of 8,456 square feet.
Key Highlights
- Oldest industrial building in Burlington.
- Historic district location.
- Brick and post and beam construction (circa 1840).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.6k | $21.60 |
| − Vacancy | −$5.5k | −$0.65 |
| EGI | $177.2k | $20.95 |
| − OpEx | −$53.2k | −$6.29 |
| NOI | $124.0k | $14.67 |
8,456 SF · lease $21.60/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.07M
NOI $124,019 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,355 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Historic building with potential for redevelopment in Burlington, Vermont.
Where is this storefront property located?
The property is located at 495-497 Colchester Ave Burlington, VT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Oldest industrial building in Burlington.; Historic district location.; **Brick and post and beam construction (circa 1840).**
