11 State St Montpelier, VT 05602

Property Details for 11 State St

Year built

1940

Lot size

0.19 lot acres

Property size

5,064 SF

Property type

Commercial real estate

Description

This exceptional commercial property, situated at 11 East State Street in the heart of Montpelier's historic downtown, presents a unique investment opportunity. Built in 1940 as an A&P Market, this single-story building boasts 5,064 square feet of versatile commercial space, ideal for a variety of uses. The property features large bay windows on East State Street, providing excellent natural light and street visibility. Conveniently located, it offers accessible entrances and restrooms, enhancing usability and accessibility for clients and employees. An added security feature is the inclusion of an airlock entrance. The property also includes a significant advantage with 11 deeded parking spaces, a rare find in a downtown location. The building's interior is characterized by an open, clean concrete basement, offering ample storage or potential for expansion. Most recently used as office space for a non-profit organization since 1994, this well-maintained building is ready for its next chapter. Located within Urban Center 1, the property benefits from flexible zoning, allowing for a wide range of commercial, office, and even residential uses. The zoning also permits new construction up to six stories high, presenting significant potential for future development. The property sits on a 0.19-acre lot. Property taxes are to be determined as the current owner held a tax-exempt status. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown location with significant upside potential.

Location Insight

City

Montpelier

County

Washington

State

Vermont

Longitude

-72.57466

Latitude

44.25969