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20 Pine St
14,698 SF Flex Building Burlington, VT 05401 $8,500,000 ($578/SF)
Investment Highlights
- Building is located in Burlington’s designated Opportunity Zone.
- The offering will provide the opportunity to continue the use of the existing building or develop a new project.
Executive Summary
Located in an Opportunity Zone and within the heart of downtown Burlington, Vermont, 20 Pine Street will provide a developer/buyer with a chance to join the downtown transformation and create an exciting new addition to the neighborhood and community. A developer will benefit from the advantages of Burlington’s newly implemented Form Based Code providing an opportunity to build over 600,000 square feet of mixed use space with associated parking. This is an extremely unique parcel and opportunity.
Property Facts
| Price | $8,500,000 | Rentable Building Area | 14,698 SF |
| Price Per SF | $578 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Sale Conditions | Redevelopment Project | Tenancy | Single |
| Property Type | Flex | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $8,500,000 |
| Price Per SF | $578 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| Property Type | Flex |
| Building Class | B |
| Rentable Building Area | 14,698 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
About 20 Pine St , Burlington, VT 05401
The Immaculate Conception Parish at 20 Pine Street, Burlington, Vermont includes an existing single story 14,698 square foot building situated on a 2.20-acre site. The offering will provide a buyer with the opportunity to continue the use and utilize the existing building or develop a project that suits the Burlington market and landscape. Located in an Opportunity Zone and within the heart of downtown Burlington, Vermont, 20 Pine Street will provide a developer/buyer with a chance to join the downtown transformation and create an exciting new addition to the neighborhood and community. A developer will benefit from the advantages of Burlington’s newly implemented Form-Based Code providing an opportunity to build over 600,000 square feet of mixed-use space with associated parking. This is an extremely unique parcel and opportunity. The immediate neighborhood should soon see the benefits from the fully permitted, over $200 million, CityPlace Burlington mixed-use project to be undertaken by Brookfield Properties and partner Devonwood Properties. CityPlace Burlington, located directly across the street from 20 Pine Street, is soon to introduce a combination of over 750,000 square feet with a mix of street-level retail, commercial office space, residential and more. Breaking ground in summer of 2019, CityPlace hopes to open its doors to customers, tenants, and residences in 2021. 20 Pine Street can complement this high-end addition to the neighborhood by providing a complimentary product including retail, hospitality, office, and residential product for the growing downtown community. Burlington awaits!!
zoning
| Zoning Code | FD-6 (Downtown Core (FD6)) |
| FD-6 (Downtown Core (FD6)) |
Presented by
20 Pine St
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