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117 Saint Paul St - Park Square 2,600 SF Office Condo Unit Offered at $632,385 CAD in Burlington, VT 05401
Investment Highlights
- Vibrant downtown setting
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 6.77% |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.77% |
Description
Space was originally built as the ballroom for the Burlington Elks Club, BPOE in 1924.
Located in downtown Burlington adjacent to City Hall Park. Vibrant downtown setting in walkable community.
Currently leases for $54,000/year with utilities included, but this could be recalculated with the utilities not included. Utility info is available
Space is heated and cooled with two dedicated high efficiency heat pumps that recently replaced gas units. Recent lighting upgrades include energy efficient LED lighting in many of the spaces.
Nearby parking is available for lease at $300/3 months
The 3rd floor is approximately 2600 net square feet with just under 600 square feet of attic storage space and access to the roof. There is a generous first floor elevator and stair lobby shared with the second floor condo and shared stair landing at the second floor.
The third floor occupies one quarter of the overall property. A restaurant owns and occupies the first floor and basement. Attorneys own and occupy the second floor. Both are great neighbors and solid condo partners.
Located in downtown Burlington adjacent to City Hall Park. Vibrant downtown setting in walkable community.
Currently leases for $54,000/year with utilities included, but this could be recalculated with the utilities not included. Utility info is available
Space is heated and cooled with two dedicated high efficiency heat pumps that recently replaced gas units. Recent lighting upgrades include energy efficient LED lighting in many of the spaces.
Nearby parking is available for lease at $300/3 months
The 3rd floor is approximately 2600 net square feet with just under 600 square feet of attic storage space and access to the roof. There is a generous first floor elevator and stair lobby shared with the second floor condo and shared stair landing at the second floor.
The third floor occupies one quarter of the overall property. A restaurant owns and occupies the first floor and basement. Attorneys own and occupy the second floor. Both are great neighbors and solid condo partners.
Sale Notes
Located in downtown Burlington adjacent to City Hall Park.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,600 SF | Office | $632,385 CAD ($243.23 CAD/SF) | $42,837.76 CAD |
Unit 1
| Unit Size |
| 2,600 SF |
| Condo Use |
| Office |
| Price |
| $632,385 CAD ($243.23 CAD/SF) |
| NOI |
| $42,837.76 CAD |
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Unit 1
| Unit Size | 2,600 SF |
| Condo Use | Office |
| Price | $632,385 CAD ($243.23 CAD/SF) |
| NOI | $42,837.76 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.77% |
| Description | |
| Space was originally built as the ballroom for the Burlington Elks Club, BPOE in 1924.<br> Located in downtown Burlington adjacent to City Hall Park. Vibrant downtown setting in walkable community. <br> Currently leases for $54,000/year with utilities included, but this could be recalculated with the utilities not included. Utility info is available<br> Space is heated and cooled with two dedicated high efficiency heat pumps that recently replaced gas units. Recent lighting upgrades include energy efficient LED lighting in many of the spaces.<br> Nearby parking is available for lease at $300/3 months<br> The 3rd floor is approximately 2600 net square feet with just under 600 square feet of attic storage space and access to the roof. There is a generous first floor elevator and stair lobby shared with the second floor condo and shared stair landing at the second floor. <br> The third floor occupies one quarter of the overall property. A restaurant owns and occupies the first floor and basement. Attorneys own and occupy the second floor. Both are great neighbors and solid condo partners.</li></ul> | |
| Sale Notes | |
| Located in downtown Burlington adjacent to City Hall Park.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 8,000 SF | Typical Floor Size | 2,667 SF |
| Property Type | Office (Condo) | Year Built | 1924 |
| Building Class | C | Opportunity Zone |
Yes
|
| Floors | 3 |
| Total Building Size | 8,000 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 2,667 SF |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Third Coast Associates
117 Saint Paul St - Park Square
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