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Listed by Yana Walder • Lake Point Properties, LLC
$695,000
Est. payment /mo
4,620 SqFt
New
159 State ST Montpelier, VT 05602
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $150
MLS Listing ID 5091550
Year Built 1804
Annual Tax Amount $13,257
Tax Year 2025
Lot Size 1.200 Acres
Acres 1.2
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.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Mixed Use Residential
Rooms
Basement Entrance Interior
Basement Bulkhead, Sump Pump, Interior Access, Exterior Access
Interior
Cooling Other
Inclusions Land/Building
Exterior
Utilities Available Other
Roof Type Asphalt Shingle
Building
Sewer Public
NEARBY SCHOOLS & PROPERTIES
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