495 Colchester Avenue Burlington, Vermont 05401

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For Sale Status
$1,500,000 List Price
Multi Type
0 Beds
0 Baths
7,564 Sqft
Listed By Duncan Harris of The Kingsland Company
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Burlington

Exterior Exterior
Exterior Exterior
Driveway view Driveway view
Cafe Entrance Cafe Entrance
Cafe Cafe
Cafe Stairs Cafe Stairs
Cafe Kitchen Cafe Kitchen
Cafe Lower Level Cafe Lower Level
Unit 1 Unit 1
Unit 1 Unit 1
Unit 1 Unit 1
Unit 1 Unit 1
Unit 2 Unit 2
Unit 2 Unit 2
Unit 2 Unit 2
Unit 3 Unit 3
Unit 3 Unit 3
Unit 3 Unit 3
Unit 3 Unit 3
Unit 4 Unit 4
Unit 4 Unit 4
Unit 4 Unit 4
Winooski Falls Winooski Falls

Award Winning Historic Preservation! Recently restored, this historical property includes four apartments as well as a restaurant/café space. Known as one of Burlington’s oldest industrial buildings, 495 Colchester Avenue was built circa 1840 as a blacksmith shop. Sometime around the turn of the century it transitioned to Lamare and Abare’s Grocery. After the historic flood of 1927, Colchester Avenue and the bridge connecting it to Winooski were raised. In 2016 the current owners undertook a two-year historic restoration project which included raising the building 10 feet and completely restoring the structural integrity of the building with brick and timber framing. This resulted in an extra level of useable space which has since been converted into a restaurant, currently leased to The Boardroom Café. The balance of the building was also completely renovated and includes two two-bedroom apartments and two three-bedroom units with views of the Winooski River. Upon completion of the project the owners received a Historic Preservation Award from the City of Burlington. This is a first-class mixed-use property located within walking distance to UVM, the hospital and downtown Winooski. Please call the agent to discuss more of the wonderful details of this property that are too numerous to fit in this description.

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Property Location

Property Details

MLS#  4905351 Bedrooms  0 Garage Size   Car
List Price  1,500,000 Total Bathrooms  0 Year Built  1840
Type  Multi-Family Lot Size  0.0900 Acres Taxes $22,311
Units  5 Stories  4+ Road Frontage  115
Annual Income  $129,000 Style  Historic Vintage, Multi-Family Water Frontage  
Annual Expenses  $0 Finished  7,564 Sqft Construction  No, Existing
Zoning   Neighborhood Mixed Use Above Grade  5,673 Sqft Seasonal  No
Total Rooms  0 Below Grade  1,891 Sqft List Date  Apr 15th, 2022
Gross Income  $129,000 Operating Expenses  $0 Net Income  $98,589
Expenses Includes 
Unit 1   Beds, Baths, 945 SqFt, $1,700/Monthly Unit 2   Beds, Baths, 945 SqFt, $1,775/Monthly
Unit 3   Beds, Baths, 945 SqFt, $2,100/Monthly Unit 4   Beds, Baths, 945 SqFt, $1,775/Monthly
Unit 5   Beds, Baths, 3,377 SqFt, $3,400/Monthly
ConstructionTimberframe
BasementInterior, Interior Stairs, Climate Controlled, Finished, Interior Access
Interior Features
Exterior Features
Exterior  Stone, Brick Disability Features  
Foundation  Concrete House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsFrom downtown Burlington take Pearl Street to Colchester Avenue. This is the property on the right, at the corner of Mill Street, just before the bridge to Winooski.
Lot Description, City Lot
Garage & Parking  No, ,
Road Frontage  115 Water Access  
Driveway  Gravel Water Type  
Flood Zone  Unknown Water Body  
Zoning  Neighborhood Mixed Use
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co   Documents  
Electric  200 Amp Tax ID  114-035-14211
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† The remarks published on this webpage originate from Listed By Duncan Harris of The Kingsland Company via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.