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    11 East State St Montpelier, VT 05602

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    For Sale
    $599,000

    Over 5,000 sq ft in downtown Montpelier with parking.

    Building Details

    Year built
    1980

    Source: Heney Realtors - Element Real Estate (Montpelier) Agent Timothy Heney

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Montpelier Building with Parking

    This iconic building in downtown Montpelier offers over 5,000 square feet of potential. Originally constructed in 1940 as the A&P Market, it was most recently home to a long-standing nonprofit. The single-story space provides scale, location, and flexibility. Zoned Urban Center 1, the property allows for development up to six stories, suitable for mixed-use, office, commercial, or residential purposes. The interior features soaring ceilings, large storefront-style windows, accessible entries and restrooms, and a clean, open basement. A standout feature is the inclusion of 11 deeded parking spaces, offering a functional and financial advantage in Montpelier's walkable downtown core. This property presents a combination of location, legacy, and room to grow, suitable for a creative headquarters, community hub, or future development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Vermont Center-Independent Non-Profit Organization Wellness Workforce Coalition Medical Clinic vcdr Disability Services And Support Organization

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Botanica Florals, Pink Shutter Floral Design is changing it's name to Wyldling!, Old Time Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Montpelier
    County
    Washington
    State
    Vermont
    Longitude
    -72.5746499
    Latitude
    44.2596985

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    FAQs

    What type of property is this?
    Storefront property - Over 5,000 sq ft in downtown Montpelier with parking.
    Where is this storefront property located?
    The property is located at 11 East State St Montpelier, VT.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - 11 deeded parking spaces in downtown Montpelier offer a major advantage.; - Prime downtown location in Vermont's capital.; - Zoned Urban Center 1 allowing for up to six stories, offering mixed-use potential.
    (802) 522-5260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 East State St Montpelier, VT 05602
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