Mad River Valley Real Estate
159 State Street, Montpelier, VT
List Price: $695,000
Bedrooms:
Bathrooms:
Sq. Ft.: 4620
Acres: 1.2
Mad River Valley Real Estate
5513 Main St, Waitsfield, VT 05673
Phone: 802-496-5000
Email: [email protected]
Website: www.mrvre.com
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.
Property Details
Basic Information
- MLS Number:
- 5091550
- List Price:
- $695,000
Location
- Street:
- State Street
- Building Number:
- 159
- City:
- Montpelier
- State:
- VT
- Zip:
- 05602
- County:
- Washington
Property
- Acres:
- 1.20
- Zoning:
- Mixed Use Residential
- Road Frontage:
- 190
- Property Type:
- COM
Building
- Year Built:
- 1804
- Building Square Feet:
- 4620
- Basement:
- Bulkhead,
Sump Pump,
Interior Access,
Exterior Access
- Construction:
- Clapboard Exterior
- Square Feet:
- 4620
Exterior
- Roof:
- Asphalt Shingle
Utilities
- Cooling:
- Other
Legal
- Taxes:
- $13,257.32
Other
- Broker Name:
- Lake Point Properties, LLC
- Agent Name:
- Yana Walder
- Office Phone:
- 802-347-6100
- Status:
- Active
- Latitude:
- 44.262510
- Longitude:
- -72.587380
Photos
Listed by Yana Walder of Lake Point Properties, LLC
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Mortgage calculator source: iHomefinder. Schools info source: GreatSchools. WalkScore source: WalkScore. Market Report Source: iHomefinder with data from PrimeMLS, Inc.