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33169765
33169763

159 State Street, Montpelier, VT 05602

RM
VT 082.0134305
Lake Point Properties
YW
VT 082.0134333
Lake Point Properties
Listed by Lake Point Properties
$695,000
6 days on market
Updated 6 days ago

159 State St

Details
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 4,620
Units 14
Tenancy Multi
Lease Type Gross
Year Built 1804
Year Renovated 2015
Buildings 1
Stories 2
Acreage 1.200
Zoning Mixed Use Residential
Parking Spaces spaces

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

Listing Contacts

RM
VT 082.0134305
Lake Point Properties
YW
VT 082.0134333
Lake Point Properties
Listed by Lake Point Properties

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