72 Main Street Burlington, Vermont 05401 MLS# 5014955

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Under Contract Status

$849,900 List Price

Multi Type

0 Beds

2 Baths

3,561 Sqft

Listed By Robert Foley of Flat Fee Real Estate
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Burlington

72 Main Street
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Turn key 3 unit commercial building that has great potential for residential conversion on upper three floors. The lower level has a long established barbershop with consistent rental stream and share in maintenance/utility cost. The first floor is currently a self-contained office unit with a reception area, half bath, 2 offices and a conference room. This office sets up nicely for a 3 bed conversion by adding shower to the half bath and kitchen to the reception area. The second and third floor are currently as combined office unit with half bath four offices/conference rooms and large third floor used as additional office space and file storage. The second and third floor sets up for a four bed with shower added to half bath on the second floor and the third floor as living room/kitchen. The site has 12 off street parking spaces. Located in the heart of downtown attractive for tenants to get to the waterfront, UVM, Church Street, Medical Center, etc..Great opportunity and a great return for the right investor.

Property Location

72 Main Street Burlington

Property Details

Contract Date  Nov 12th, 2024
List Price  849,900 Bedrooms  0 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  5014955 Lot Size  0.12 Acres Taxes $14,992
Type  Multi-Family Days on Market  64 Days Tax Year 2024
Units  3 Stories  3 Road Frontage  50
Annual Income  $102,000 Style   Water Frontage  
Annual Expenses  $0 Finished  3,561 Sqft Construction  No, Existing
Zoning   FD6 Downtown Core Above Grade  2,720 Sqft Seasonal  No
Total Rooms  0 Below Grade  841 Sqft List Date  Sep 18th, 2024
Gross Income  $102,000 Operating Expenses  $0 Net Income  $82,000
Expenses Includes 
Unit 2   Beds, 1 Baths, $0/Mo Unit 3   Beds, 1 Baths, $0/Mo
Construction
BasementWalkout, Full, Finished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  
Floors  Vinyl, Carpet Building Certifications  
Roof  Slate HERS Index  
Directions
Lot Description
Garage & Parking  No, On Site, Off Street
Road Frontage  50 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  FD6 Downtown Core
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfiinity/BT Documents  
Electric  Circuit Breaker Tax ID  114-035-17091
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† The remarks published on this webpage originate from Listed By Robert Foley of Flat Fee Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.