OVERVIEW: DEVELOPMENT SITE AVAILABLE – RIVERSIDE AVE BURLINGTON SUBDIVISON POTENTIAL—LAND LEASE or OWN
MULTI FAMILY >BANK CREDIT UNION SITE > QUICK SERVE RESTAURANT > 15,300 CARS PER DAY MANY POSSIBLE USES
The owner of 207 Riverside Avenue is offering a subdivided parcel to accommodate a multi-family apartment project with 60+/- apartments or site for bank/credit union or restaurant with potential for drive-through. Riverside Avenue is convenient to two of the areas largest employers, University of Vermont and University of Vermont Medical Center. Site overlooks Winooski River and natural area with walking trails and more. A busy commuter route with over 15,300 cars driving by the site daily. Excellent development opportunity to for a multifamily project or other commercial uses.
The potential subdivision would provide enough area for a reasonably sized 4 level multi-family structure, with parking under, or bank credit union or food related business. The owner is interested in subdividing the parcel to accommodate commercial use in former car wash building and provide buyer with parcel to develop multifamily project. A conceptual multi family concept has been created. Or bank/credit union with drive through.
Size: 2-4 + acres