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20 Kimball Ave South Burlington, VT 05403

Sponsored
For Sale
$2,550,000

South Burlington VT Office Condo Investment

Property size:
29,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional commercial office condominium investment opportunity, located at 20 Kimball Avenue in South Burlington, Vermont, presents a unique chance to acquire a multi-tenant property. The property boasts a total of 29,000 square feet of space, distributed across three floors and encompassing 25 individual office suites. The building's flexible layout caters to a diverse range of tenants, with suite sizes varying from approximately 300 square feet to several thousand square feet, making it ideal for businesses of all scales. Currently, the building enjoys a 70% occupancy rate, generating a stable income stream. Built in phases between 1981 and 1987, the Class B building sits on a sizable 1.88-acre lot, zoned Commercial 1—Limited Retail, offering potential for future expansion or redevelopment. The property's convenient location provides easy access to Interstate 89, Burlington International Airport, and Williston Road, ensuring high visibility and accessibility for tenants and clients. Ample parking is available with 132 spaces provided on-site. The asking price for this prime South Burlington commercial property is $2,550,000. The gross lease structure simplifies management and maximizes return on investment. This is a rare opportunity to acquire a well-located, established multi-tenant office building in a thriving Vermont market.

Property Features for 20 Kimball Ave

General Information

Property type
Office space
Square Feet
29,000 SF
Class
B
Lot Size
81,893 SF

Building Details

Stories
3

HighLights

  • Exceptional multi‑tenant office condominium investment opportunity in South Burlington, VT.
  • 29,000 square feet across three floors, comprised of 25 individual office suites ranging from 300 to several thousand square feet.
  • 70% occupancy rate generating stable income.
  • Class B building on a 1.88‑acre lot, zoned Commercial 1—Limited Retail, with potential for expansion.
  • Prime location with easy access to I‑89, Burlington International Airport, and Williston Road; 132 on‑site parking spaces.
  • Asking price: $2,550,000; gross lease structure.
Property Profile Location Intelligence

Current Use by Public Records

Office space

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
South Burlington
County
Chittenden
State
Vermont
Longitude
-73.1536358
Latitude
44.4602158

FAQs

What type of property is this?
Office space - South Burlington VT Office Condo Investment
Where is this office space located?
The property is located at 20 Kimball Ave South Burlington, VT.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Exceptional multi-tenant office condominium investment opportunity in South Burlington, VT.; 29,000 square feet across three floors, comprised of 25 individual office suites ranging from 300 to several thousand square feet.; 70% occupancy rate generating stable income.
More about this property
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