Listed by Donahue & Associates
$950,000
215 Riverside Ave
Details
APN 046-1-005-100
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 3,368
Year Built 1965
Year Renovated 2004
Stories 2
Acreage 1.740
Zoning NAC-R
Building with Business
Marketing description
Buy this property with great potential for a multistory multifamily apartment project while enjoying the income from the laundromat and propane business (included in the real estate purchase). Opportunity to add apartment on 2nd level and lease out the small shop with offices on 2 levels building. Zoning to support a housing project that could enjoy views of the Winooski River Salmon Hole as well as access via a lighted intersection. Easy access to some of the area’s largest employers including UVM Medical Center and the University of Vermont.
Investment highlights
- Electric 400 Amp 3 Phase
- Construction Laundromat— Wood Frame Garage/office—steel Frame
- Price — $950,000
- 15,300 Cars drive by the property every day (Vermont Department of Transportaঞon).
- Flexible zoning allows for a diverse range of use.
- Businesses with a drivethrough could be capitalizing off the heavy, daily traffic from the road.
- Close proximity to downtown Burlington and downtown Winooski, located right along the Winooski River.
Listing Contacts
Listed by Donahue & Associates
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