28 Park AveWilliston, VT 05495

Property Details for 28 Park Ave

Year built

1989

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

9,349 SF

Property type

Medical offices

Property subtype

Medical centers

APN

(241) 03066004000

APU

24103066004000

Description

This exceptional two-story office building, located at 28 Park Avenue in Williston, Vermont, offers 9,248 square feet of flexible space on a 1.01-acre lot. Currently configured as a single-tenant occupancy, this property presents a unique opportunity for various uses. The building's design allows for easy conversion into four individual units, each approximately 2,312 square feet. This adaptability makes it ideal for a wide range of businesses, including general office, medical practices (dental, physical therapy, mental health), shared workspaces, or flexible office configurations. The property boasts a total of 56 parking spaces, ensuring ample convenience for tenants and their clients. Situated in Chittenden County, this freestanding building provides excellent visibility and accessibility. The property's versatile layout and ample parking make it an attractive option for businesses seeking a functional and well-located space in Williston, Vermont. The building's 9,248 square feet provides significant space for growth and expansion, while the potential for subdivision offers flexibility for multiple tenants or a single large occupant. This is a prime opportunity to acquire a well-maintained and adaptable commercial property in a desirable Vermont location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,322,436

  6.5%

  $2,143,788

  7%

  $1,990,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,229,751

  Geo Method

  $1,221,540

• Alternative Use

  Use

  Valuation

  Residential

  $2,658,296

  Hospitality

  $2,434,985

  Educational

  $2,025,879

  Medical

  $2,095,552

  Retail

  $3,151,368

Location Insight

City

Williston

County

Chittenden

State

Vermont

Latitude

44.4758

Longitude

-73.1153

CBSA code

15540

CBSA name

BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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