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159 State Street, Montpelier, VT 05602

$695,000
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Active
MLS#5091550
STATUSActive PROPERTY TYPECommercial - Investment

Listing Courtesy of: Lake Point Properties, LLC
Agency Phone: 802-347-6100
Associate Name: Yana Walder
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Property Description

A great opportunity to own a ~4,000 SF commercial office building on a 1.2 acre lot, just a short distance from downtown Montpelier, High School, National Life, and the Vermont State House. The property was built around 1809 and for a time was maintained as an official residence for Vermont's governors called the Chester Wright House. Great visibility from VT Route 2, good signage, convenient and immediate access to Interstate 89 exit 8, large paved parking lot onsite with 14+ spots. Building offers 10 single offices, a kitchenette, 3 bathrooms (one with a shower), and a two car garage. Beautiful historic details like fireplaces, wood floors, and custom woodwork add to the charm. Offices have lots of natural light and are currently leased to professionals, including counseling therapists, artists, and remote workers. Basement was improved with a sump pump and waterproofed around 2016. Recent improvements include roofing and exterior paint. The property was not affected by the 2023 flood. Development opportunity, please check with the zoning dept. Existing tenants provide income potential while still allowing flexibility for future owner occupancy. Seller is a licensed real estate agent with the listing office.

159 State Street | MLS# 5091550

This commercial property located at 159 State Street, Montpelier, VT 05602 is currently listed for sale with an asking price of $695,000. Search Montpelier real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Investment
Basement: Bulkhead, Sump Pump, Interior Access, Exterior Access
Heating: Baseboard, Oil
Lot Size: 1.20 Acres
Roof Type: Asphalt Shingle
Taxes: $13,257
Year Built: 1804

Feature Descriptions

Basement Access: Interior
Commercial Features: Fire System, Showers, Smoke/Heat Detectors, Programmable Thermostat
Days on Site: 8
Door Height: 8'7"
Exterior: Clapboard Exterior
Foundation: Concrete, Stone w/ Skim Coating
Lot: Abuts Conservation, In Town, Near Shopping, Near Railroad, Major Road Frontage, Open, Wooded, Near Hospital
Parking: Assigned, Off Street, Parking Spaces 11 - 20, Paved
Road Frontage: 190
Sale Inclusions: Land/Building
Sewer: Public
Transport/Access: City Street, Major Road Access, Public Transportation, State Highway, Town Highway, Paved
Units: 10
Water: Public
Zoning: Mixed Use Residential

Listed By / Shown By

Listed By

Agency Name: Lake Point Properties, LLC
Agent Name: Yana Walder
Agency Phone: 802-347-6100

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