159 State St Montpelier, VT 05602-3301

Property Details for 159 State St

Year built

1804

Construction

FRAME

Lot size

1.20 lot acres

Property size

3,748 SF

Property type

Commercial real estate

APN

(126) 148159000

APU

126148159000

Description

This exceptional 3,709 sq ft, two-story office building in Montpelier, Vermont, presents a unique investment opportunity. Situated on a 1.2-acre lot (52,272 sq ft) at 159 State Street, this historically significant property, built around 1808 and renovated in 2017, boasts 10 individual office units currently leased to a mix of professionals. The building features attractive historic details including fireplaces, wood floors, and custom woodwork, complemented by modern amenities such as a kitchenette, three bathrooms (one with a shower), and a two-car garage. Ample parking is available with 12 spaces on-site. The property enjoys high visibility from VT Route 2 and convenient access to Interstate 89 exit 8. The basement has been improved with a sump pump and waterproofing (around 2016), and the building was unaffected by the 2023 flood. Zoned for mixed-use residential, this property offers significant potential for future development (verification with the zoning department is recommended). The asking price is $749,000, representing a price per square foot of $201.94. This is a gross lease with multiple tenants.

Location Insight

City

Montpelier

County

Washington

State

Vermont

Longitude

-72.5875

Latitude

44.2627

CBSA code

12740

CBSA name

BARRE, VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments