List Price: $749,000 | $202 per sq.ft. Commercial
Space type Historic Building,Office Building
Date Listed Monday May 20, 2024 | MLS# 4996491
Space type Historic Building,Office Building
Date Listed Monday May 20, 2024 | MLS# 4996491
To see this Listing
Address: 159 State Street Montpelier VT
Listed by Yana Walder Lake Point Properties, LLC
Description:
In town property with RESIDENTIAL, OFFICE, OR MIXED USE OPPORTUNITY. A great opportunity to own a ~3,700 SF commercial office building on a 1.2 acre lot, just a short distance from downtown Montpelier, High School, 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 an attorney. Basement was improved with a sump pump and waterproofed around 2016. The property was not affected by the 2023 flood. Development opportunity, please check with the zoning dept. Seller is a licensed real estate agent with the listing office. Also listed in Residential MLS #5016606.
Building Type : Development | Investment | Office | Opportunity
Misc : Fire System | Showers | Smoke/Heat Detectors | Programmable Thermostat
Sale Includes : Land/Building
Listed by Yana Walder Lake Point Properties, LLC
Description:
In town property with RESIDENTIAL, OFFICE, OR MIXED USE OPPORTUNITY. A great opportunity to own a ~3,700 SF commercial office building on a 1.2 acre lot, just a short distance from downtown Montpelier, High School, 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 an attorney. Basement was improved with a sump pump and waterproofed around 2016. The property was not affected by the 2023 flood. Development opportunity, please check with the zoning dept. Seller is a licensed real estate agent with the listing office. Also listed in Residential MLS #5016606.
Building Type : Development | Investment | Office | Opportunity
Misc : Fire System | Showers | Smoke/Heat Detectors | Programmable Thermostat
Sale Includes : Land/Building
Features
Signage: Adequate
Rail Service: Y
Transport Info: City Street | Major Road Access | Public Transportation | State Highway | Town Highway | Paved
Signage: Adequate
Rail Service: Y
Transport Info: City Street | Major Road Access | Public Transportation | State Highway | Town Highway | Paved
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1804
Clapboard Exterior
Price Per SQ.FT. 201.94 No. of Units: 10
Building Size : 3709
Available SQFT : 4322
Building Type: Development | Investment | Office | Opportunity
Year Built: 1804
Clapboard Exterior
Price Per SQ.FT. 201.94 No. of Units: 10
Building Size : 3709
Available SQFT : 4322
Building Type: Development | Investment | Office | Opportunity
ExteriorRoof: Shingle - Asphalt
InteriorBasement: Bulkhead | Sump Pump | Interior Access | Exterior Access
Land Information
Lot size: 1.2 acres
Zoned: Mixed Use Residential
Flood Zone: No
Road Frontage: 190
Garage And Parking: Assigned | Off Street | Parking Spaces 11 - 20 | Paved
Road Frontage: 190
No. of Docks | 0.
UtilitiesHeating: Baseboard | Oil
Cooling: Other
Utilities: Other
AC % | 0.
Additional Information
Row For Other Parcel: N
Taxes $13,341
Assesed Value Not Reported
Row For Other Parcel: N
Taxes $13,341
Assesed Value Not Reported
Schools
