20 Kimball Ave South Burlington, VT 05403

Property Details for 20 Kimball Ave

Year built

1981

Lot size

0.94 lot acres

Property size

28,444 SF

Property type

Office Properties & Spaces

APN

(188) 0980-00020

APU

188098000020

Description

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.

Location Insight

City

South Burlington

County

Chittenden

State

Vermont

Longitude

-73.1537

Latitude

44.4602

CBSA code

15540

CBSA name

BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments