159 State Street Montpelier, VT

$749,000
Acres 1.20
Photo of 159 State Street Montpelier VT 05602




Description

In town property with RESIDENTIAL, OFFICE, OR MIXED USE OPPORTUNITY. A great opportunity to own a ~3,700 SF commercial office building on a 1.2 acre lot, just a short distance from downtown Montpelier, High School, 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 an attorney. Basement was improved with a sump pump and waterproofed around 2016. The property was not affected by the 2023 flood. Development opportunity, please check with the zoning dept. Seller is a licensed real estate agent with the listing office. Also listed in Residential MLS #5016606.


Listed by Lake Point Properties, LLC, Yana Walder

Details

MLS 4996491
Price $749,000
Status Active
DOM 207 days
Type Commercial
Lot Size 1.20 acres
Year Built 1804
Taxes Paid $13,341

Lot & Building Features

Utilities Other
Construction Clapboard Exterior
Cooling Other
Heating Baseboard
Parking Description Assigned, Paved, Parking Spaces 11 - 20, Off Street
Sewer Public
Tax Year 2024
Taxes Paid $13,341
Water Public
Basement Description Bulkhead, Sump Pump, Interior Access, Exterior Access
Foundation Concrete, Stone w/ Skim Coating
Lot Description Major Road Frontage, Wooded, Open
Roof Shingle - Asphalt

Map

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Financing

$
20%
1.7811855807744%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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