444 Un Stc1 Burlington, VT 05401-4859
This charming 900-square-foot office suite, located on the first floor of the historic Adams School building on South Union Street, offers a unique and convenient workspace. The west-facing suite boasts exposed brick, large windows providing excellent natural light, and is ideally suited for a variety of professional services, including medical practices, therapy offices, or similar businesses. The space is available as a single-tenant occupancy. Four parking spaces are included with the lease, with additional parking available if needed. The building features convenient handicap-accessible parking. Situated a short walk from downtown, the Adams School building offers easy access to local amenities while maintaining a peaceful atmosphere. All utilities, including heat and air conditioning, are included in the lease, along with access to shared conference and meeting rooms, high-speed WiFi, and a fully equipped kitchen. The lease also covers property taxes, common area fees, and building maintenance, eliminating additional triple-net charges. The space can be furnished or unfurnished to suit your needs, and offers 24/7 access. Enjoy the unique character of this mid-1800s brick building and the vibrant community of businesses already established within the Adams School, including software and creative services companies, a chiropractor, and various wellness professionals. Unlimited coffee is also provided!
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1. The Residential Lower Intensity (Residential Low, RL) district is intended primarily for residential development that includes a mix of housing types such as single detached dwellin gs, with or without accessory dwelling units, duplexes, triplexes and quadplex organized in a compact neighborhood-scale that complements respective neighborhoods’ development…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
RL · Burlington, VT1. The Residential Lower Intensity (Residential Low, RL) district is intended primarily for residential development that includes a mix of housing types such as single detached dwellin gs, with or without accessory dwelling units, duplexes, triplexes and quadplex organized in a compact neighborhood-scale that complements respective neighborhoods’ development and open space patterns . Building heights typically vary from one to two and half stories, and development generally results in lower lot coverage than in other residential districts. Limited commercial uses take the form of home-based businesses and the adaptive reuse of historic buildings as neighborhood-serving uses. 2. The Residential Medium Intensity (Residential Medium, RM) district is intended for residential development that includes a mix of housing types such as single-family detached dwellings, with or without accessory dwelling units, duplex, triplex, quadplex, and multi-unit buildings in compact, walkable neighborhoods . Building heights typically range from two to three stories, and development generally results in moderately higher lot coverage as compared to the RL district. Neighborhoods within this district are typically walkable to downtown or other
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.