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514 Farrell St 26,482 SF Retail Building Burlington, VT 05401 $6,000,000 ($226.57/SF)



Investment Highlights
- High traffic location at lighted intersection
- Multifamily housing, hotel, retail development throughout neighboring area.
- Busy retail corridor with access from Route 7 and Interstate 89
Executive Summary
Former Walgreens property in a super high profile, high traffic area at lighted intersection. Property to be delivered free and clear for new retailier to occupy or redevelopment. The 15,682 SF first floor is prime retail space ready for other retail concepts. A 10,658 SF second floor office area can be brought to market or redeveloped into high demand residential. Unusual chance to control a key corner on one of areas busiest retail corridors.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
26,482 SF
Building Class
C
Year Built/Renovated
1954/2010
Price
$6,000,000
Price Per SF
$226.57
Tenancy
Single
Building Height
1 Story
Building FAR
0.66
Lot Size
0.92 AC
Zoning
Commercial 1 -R15 - C1-R15 - Mixed use multi story retail, commercial, hospitality, and residential allowed uses.
Parking
47 Spaces (1.77 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | (188) 0670-00514 | Improvements Assessment | $5,328,000 |
| Land Assessment | $0 | Total Assessment | $5,328,000 |
Property Taxes
Parcel Number
(188) 0670-00514
Land Assessment
$0
Improvements Assessment
$5,328,000
Total Assessment
$5,328,000
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514 Farrell St
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