1233 Shelburne RdSouth Burlington, VT 05403

Property Details for 1233 Shelburne Rd

Year built

1987

Lot size

0.02 AC

Property size (Sq ft)

2,544 SF

Property type

Office properties

APN

(188) 1540-1233C.001

APU

18815401233C001

Description

This exceptional 13,475 square foot, four-story Class B office building, located in the desirable Lakewood Commons area of South Burlington, offers multiple tenancy options. Built in 1923 and extensively renovated in 2020, the property boasts a blend of historic charm and modern functionality. Two spaces are currently available, ranging in size from 200 to 2,500 square feet, providing flexibility for businesses of various scales. The building features convenient on-site parking, eliminating the hassle of off-site parking searches. Its prime location offers easy access to downtown Burlington, Shelburne, Winooski, and Williston, with a 10-minute drive to Burlington and Shelburne, and a 15-minute drive to Winooski or Williston. The building is zoned for commercial use and includes one elevator for convenient access to all four floors. Rent includes utilities, common area cleaning, and maintenance, simplifying budgeting and operational management. This is an excellent opportunity to secure office space in a well-maintained, conveniently located building with a rich history and modern amenities. The property's strategic location and comprehensive amenities make it an ideal choice for businesses seeking a productive and comfortable work environment. Inquire today to learn more about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $631,969

  6.5%

  $583,356

  7%

  $541,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,633

  Geo Method

  $332,399

• Alternative Use

  Use

  Valuation

  Residential Income

  $723,362

  Hospitality / Lodging

  $662,595

  Institutional / Educational

  $551,271

  Healthcare / Senior Housing

  $570,230

  Retail / Commercial

  $857,533

Location Insight

City

South Burlington

County

Chittenden

State

Vermont

Latitude

44.4354

Longitude

-73.2124

CBSA code

15540

CBSA name

BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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