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 the 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 products for the growing downtown community. Burlington awaits!!
Offering Price: $8,500,000