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Former Retail Bank with Drive Thru 1070 North Ave 1,609 SF of Retail Space Available in Burlington, VT 05408
Highlights
- High-visibility, high-traffic area on Burlington’s North Avenue
- Lots of natural light
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,609 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Total Monthly Rent: $10,000 VT Commercial is pleased to offer to the market this former Bank property for lease. A 1609 SF stand alone brick building designed with two drive thru bays and built in 1980. The property enjoys a nice flat surface parking lot with approximately 22 parking spaces and space for dumpster & snow pile! Highly visible on the highly traveled North Ave into the New North End of Burlington. Well appointed with nice curb appeal and landscaping. A former M&T Bank location that just recently closed.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is an outparcel at this property
- Fits 5 - 13 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,609 SF | Gross Leasable Area | 1,609 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Bank |
| Total Space Available | 1,609 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 1,609 SF |
| Year Built | 1980 |
About the Property
Located at 1070 North Avenue in Burlington’s vibrant New North End, this standalone brick building, originally built in 1980, offers 1,609?sq?ft of flexible commercial space—perfectly situated in a Neighborhood Activity Center (NAC) zoning district. Formerly operated as an M&T Bank, it features two drive-thru bays, half-bath accommodations, and a spacious, flat parking lot with approximately 22 spaces—plus room for dumpster and snow storage. The property occupies a generous ~0.31-acre parcel (13,504?sq?ft), with attractive curb appeal and professional landscaping. Ideally positioned on heavily traveled North Avenue, the site enjoys high visibility and immediate availability, with lease terms offered at $10,000/month NNN plus utilities. Whether you’re seeking a retail, office, or specialty drive-through use, this turnkey property is primed for businesses looking to capitalize on strong traffic and community presence.
Nearby Major Retailers
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Former Retail Bank with Drive Thru | 1070 North Ave
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