159 State St Montpelier, VT 05602-3301

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.