159 State St
State Street office building with parking on 1.2 acre lot
Marketing description
A great opportunity to own a 4,600+- SF commercial office building on a 1.2 acre lot, just a short distance from downtown Montpelier, High School, National Life, and the Vermont State House. The property was built around 1809 and for a time was maintained as an official residence for Vermont's governors called the Chester Wright House. Great visibility from VT Route 2, good signage, convenient and immediate access to Interstate 89 exit 8, large paved parking lot onsite with 14+ spots. Building offers 10 single offices, a kitchenette, 3 bathrooms (one with a shower), and a two car garage. Beautiful historic details like fireplaces, wood floors, and custom woodwork add to the charm. Offices have lots of natural light and are currently leased to professionals, including counseling therapists, artists, and remote workers. Basement was improved with a sump pump and waterproofed around 2016. Recent improvements include roofing and exterior paint. The property was not affected by the 2023 flood. Development opportunity, please check with the zoning dept. Existing tenants provide income potential while still allowing flexibility for future owner occupancy. Seller is a licensed real estate agent with the listing office.
Investment highlights
Approximately 4,620 SF office building on 1.2± acres
Prominent State Street/US Route 2 frontage with strong visibility and daily traffic
Approximately 12–14 onsite parking spaces, a rare feature downtown
Existing tenancy providing income with flexibility for owner occupancy or repositioning
Functional layout with approximately 10 private offices, reception area, kitchenette, and multiple restrooms
Recent capital improvements including roof, exterior paint, basement waterproofing and sump pump installation
Property was not impacted by the 2023 flooding event
Convenient access to downtown Montpelier, State House, National Life, and Interstate 89 (Exit 8)
Suitable for professional office, nonprofit, counseling, medical/wellness, or service-based users
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