For Sale Main Street, Burlington, VT Landmark Property Main Street, Burlington, VT

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Augusta Carpenter
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1 For Sale Main Street, Burlington, VT Landmark Property Main Street, Burlington, VT

180-192 Main Street, Burlington, VT Offering Highlights Key Property Highlights Offering Price: $2,350,000 A rare opportunity to own one of Burlington s landmark properties and be a part of what has

2 Main Street, Burlington, VT Offering Highlights Key Property Highlights Offering Price: $2,350,000 A rare opportunity to own one of Burlington s landmark properties and be a part of what has been the birth to many of the areas young upwardly trending music stars. The historical bar and music venue was pioneered by none other than Nectar Rorris in His vision for the space was simple; serve food for breakfast, lunch and dinner and then every night have live bands playing with no cover. The venue soon became a place for local bands to hone their chops as they ventured out into Burlington's music scene. Nectars has since been operating for over 40 years and has become the launching point for bands such as Phish, Grace Potter & The Nocturnals, as well as Kat Wright & her Indomitable Soul Band. Whether listening and dancing to local music or eating their famous gravy fries, a visit to Burlington, Vermont is not complete with out stopping by the music and entertainment hub that is Nectars. Offering includes a chance to own both the businesses Nectars Restaurant and Night Club on the first level and Club Metronome on the 2nd level along with the real estate and over 12,253 square feet of Main Street real estate.

3 Property Description Main Street, Burlington, VT OWNER 188 Main St Holdings, LLC LAND RECORDS V1174, P PARCEL LIGHTING FLOORS Predominantly LED track lighting. Some surface mount fluorescent. Mix of composite tile, ceramic tile and hardwood BUILDING SIZE 25,000 +/- gross square feet Floor 1-5,332 SF EXTERIOR WALLS Brick and concrete Floor 2-3,880 SF Floor 3-3,041 SF INTERIOR WALLS Plaster throughout. Basement - 5,332 SF FIRE PROTECTION: Hard-wired fire alarm and full wet LAND.03 Acres sprinkler system. CONSTRUCTED 1899 SECURITY FRONTAGE direct on Main Street WINDOWS Wood frame double hung. Some LOCATION High visibility location on Main fixed. Street, just steps from Church Street HEATING/COOLING Natural gas fired OHD space heaters with partial natural gas fired PARKING 6 parking spaces HVAC CONSTRUCTION Mix of wood and masonry ELECTRIC 240 volts/single phase/400 amps ROOF Flat, rubber membrane FLOOD ZONE: No WATER City of Burlington ZONING Downtown (D) District SEWER City of Burlington REAL ESTATE TAXES ( ): $ 34,436.52

180-192 Main Street, Burlington, VT Nectars - First Floor A long-standing landmark on Main Street in Burlington, Nectar s restaurant and bar has been the headquarters for thousands of

The building itself has a long history of entertaining.

The chandelier that hangs over the main room today is a relic of the grand Hi-Hat. In 1975, Nectar Rorris bought the building to create the infamous Nectar s.

4 Main Street, Burlington, VT Nectars - First Floor A long-standing landmark on Main Street in Burlington, Nectar s restaurant and bar has been the headquarters for thousands of local, regional and national music acts. From Phish to Grace Potter, from reggae to rock, Nectar s Bar and Lounge is THE place to see live music in downtown Burlington. The building itself has a long history of entertaining. Originally home to a savings and loan business, the building was purchased to create a two-story restaurant/lounge called the Hi-Hat. The chandelier that hangs over the main room today is a relic of the grand Hi-Hat. In 1975, Nectar Rorris bought the building to create the infamous Nectar s. The stage became legendary when a group of then-unknown local musicians known as Phish began to play regularly, sowing the seeds of their enormous following. Nectar s continues to operate on the first floor of the property, anchoring this three story property. Tenant: Square Footage: NYA DUDE, LLC, dba Nectar s 5,287 square feet with access to 5,332 SF of basement space. Capacity: 240 Website:

180-192 Main Street, Burlington, VT Metronome - Second Floor Above Nectar s, a dimly lit nightclub hosts DJs and bands until 2 a.m. nightly.

With a variety of musical guests and entertainment Club Metronome has much to offer.

5 Main Street, Burlington, VT Metronome - Second Floor Above Nectar s, a dimly lit nightclub hosts DJs and bands until 2 a.m. nightly. Metronome is the premier downtown club suited for DJ dance parties, live music, karaoke, comedy shows and private parties. With a variety of musical guests and entertainment Club Metronome has much to offer. On Saturday's they offer Retronome for throwback dance tunes and an inviting atmosphere. Tenant: Square Footage: Metronome 3,880 square feet Capacity: 250 Website:

6 Floor Plan - Third Floor Main Street, Burlington, VT Floor Plan - Basement

7 Site Plan Main Street, Burlington, VT Map

Artist History 180-192 Main Street, Burlington, VT Press In a recently published

anniversary and contribution to the music scene in Vermont.

.. Between '84 and '89, Phish played a total of 44 shows at Nectar's, many of them

As their popularity exploded, the band inevitably outgrew the club.

set breaks for Phish, there was one commandment even they couldn't violate: no

"It was a meeting place," recalls musician Frazier of Nectar's early days.

8 Artist History Main Street, Burlington, VT Press In a recently published article in Seven Days Magazine, the bar/night club is recognized for it s 40th anniversary and contribution to the music scene in Vermont. Below are a few short excerpts... Between '84 and '89, Phish played a total of 44 shows at Nectar's, many of them three-night runs on off nights Sunday through Tuesday. As their popularity exploded, the band inevitably outgrew the club. Though Rorris would relax his strict rules regarding start times and the length of set breaks for Phish, there was one commandment even they couldn't violate: no cover charge. And that lore isn't lacking. "It was a meeting place," recalls musician Frazier of Nectar's early days. "It's where you'd go to make plans for the night or maybe just hang out there." Nectar's was also an extension of Burlington's halls of democracy. "A lot of times you'd see local politicians having meetings, talking about whatever it is politicians talk about,"

180-192 Main Street, Burlington, VT Church Street

the owner of the Burlington Town Center- Devonwood

DAPAC, and the City, plans for the redevelopment of

many of the central goals of plan BTV Downtown &

in the core of downtown, the reconnection of two

addition of multi-family housing in downtown

These plans were unanimously approved by the

Church Street Marketplace is a vibrant and booming

existing retailers and restaurants and the planned

9 Main Street, Burlington, VT Church Street Marketplace Through a collaborative process involving the owner of the Burlington Town Center- Devonwood Investors, LLC, the residents of Burlington, the DAPAC, and the City, plans for the redevelopment of the site have evolved several times over nearly two years. The most current plans have evolved to accommodate many of the central goals of plan BTV Downtown & Waterfront including the redevelopment of a key site in the core of downtown, the reconnection of two streets that were foreclosed by urban renewal, and the addition of multi-family housing in downtown Burlington. These plans were unanimously approved by the Development Review Board (DRB) in March Church Street Marketplace is a vibrant and booming downtown mecca in the City of Burlington. With a surplus of existing retailers and restaurants and the planned mall redevelopment underway, it is quickly becoming a hub for tourists, students and locals alike. It is an exciting time to join the Church Street Marketplace and become part of the heart of Burlington.

10 Main Street, Burlington, VT Arial View Planned Mall Redevelopment Church Street Marketplace City Hall Courthouse Plaza Main Street, Burlington,

11 Consumer Disclosure Main Street, Burlington, VT

12 Main Street, Main Burlington, Street, VT Burlington, VT For Sale Steve Donahue: Exclusive Listing Agent

OFFICE INVESTMENT OR OWNER/USER OPPORTUNITY Long Beach, California / Long Beach Suburban Market. Capital Markets Investment Properties

OFFICE INVESTMENT OR OWNER/USER OPPORTUNITY Long Beach, California / Long Beach Suburban Market Capital Markets Investment Properties Property Facts Property Address 3229 East Spring Street, Long Beach,