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Multi-Tenant Office Building
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118 Prospect Street, White River Junction, VT 05001

Constructed in 2015 and leased to Vermont state and Department of Veterans Affairs tenants.

Property Size88,200 SF
Price / SF$123.60
Days on Market54

Property Features for 118 Prospect Street

General Information

Standard status Active
Size 88,200 SF
Property subtype Office

Building Details

Year Built 2015
Listing Agency: Marcus & Millichap - Cleveland
Listed By: Christopher Mitchel · License #OH SAL.2014000892
Source: Crexi
Added: Jun 16 Changed: Jul 10 Last Checked: Aug 7 at 3:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Cleveland

Investment Insights

Based on property information with market context.

118 Prospect Street is a multi-tenant office building constructed in 2015, offering a 43,200 square foot configuration designed for professional use. The property is currently leased to the State of Vermont and the Department of Veterans Affairs.

Located in White River Junction, Vermont, the building serves as office space for major public-sector organizations, including state operations and federal administrative and program functions tied to veterans’ services.

For buyers seeking a leased office asset with established government tenancy, this property provides an opportunity to acquire a relatively modern, multi-tenant workplace supported by leases in place with the State of Vermont and the Department of Veterans Affairs. The existing tenant mix may be especially relevant for buyers looking for steadier continuity within an office-oriented investment profile, grounded in the property’s documented occupancy.

Key Highlights

  • 43,200 SF multi‑tenant office building constructed in 2015
  • Leased to the State of Vermont and the Department of Veterans Affairs (VA)
  • Building is a multi‑tenant office asset with government tenants

Property Analytics

Current Use

WIC Food Program State Government Office Economic Services Division Government Office Health Department Public Health Department Vocational Rehabilitation Social Service Agency Family Services Division Social Service Agency

Suggested Use

Top Pick HVAC Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store Bakery Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

740
Businesses Nearby

Demographics for 05001, VT

8,674
Population
4,932
Households
1.8
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
42.7 sq mi
ZIP Area
203
Density / Sq Mi
$74,369
Median Household Income
$45,929
Median Earnings
$1,169
Median Rent
$270,200
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Constructed in 2015 and leased to Vermont state and Department of Veterans Affairs tenants.
Where is this office building located?
The property is located at 118 Prospect Street White River Junction, VT.
What is the asking price?
The asking price for this property is $10,901,458.
What are key features of this property?
This property features: 43,200 SF multi‑tenant office building constructed in 2015; Leased to the State of Vermont and the Department of Veterans Affairs (VA); Building is a multi‑tenant office asset with government tenants
More about this property
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