Historic Burlington Building For
For Sale
Contact for pricing
495-497 Colchester Ave, Burlington, VT
Historic building with potential for redevelopment in Burlington, Vermont.
Property Size8,456 SF
Lot Size0.10 Acres
Price / SF$206.95
Days on Market365
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) 864-2000
Listed By:
Tony Blake
(802) 343-0119
Source:
Moodyscre
Added: Oct 20, 2025
Changed: Oct 6
Last Checked: Oct 19 at 8:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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).**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,019
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,480,380
$2.5M
Cap Rate 7%
$1,771,700
$1.8M
Cap Rate 9%
$1,377,989
$1.4M
Market Conditions
NOI Build-Up for 8,456 SF
Gross rent
$182.6K $21.60/SF
− Vacancy
−$5.5K −$0.65/SF
EGI
$177.2K $20.95/SF
− OpEx
−$53.2K −$6.29/SF
NOI
$124.0K $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%
$2,480,380
Cap Rate 7%
$1,771,700
Cap Rate 9%
$1,377,989
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
781
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
4,254 visits/mo
0.2 miles
Gulf Oil
Shops & Services
2,033 visits/mo
0.4 miles
VIP Tires & Service
Shops & Services
1,151 visits/mo
0.3 miles
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
Frequently Asked Questions
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).**
