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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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159 State St , Montpelier, VT 05602
$695,000
Est. Payment: $1,544.44/mo
0 Bed
0 Bath
4620 Sqft
Status: Active | Days on site: 112
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6243 - 620983
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House Description

A great opportunity to own a ~4,000 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.

Highlights

Listed by Yana Walder , 802-999-7411 Lake Point Properties, LLC , 802-347-6100.

Property Type

Commercial Sale

Lot/Acreage
1.2

Year Built

1804

County

Washington

Listing ID

5091550

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Below Ground Sq Ft:2
Basement:Yes,Bulkhead,Exterior Access,Interior Access,Sump Pump

Exterior Features

Lot:Abuts Conservation,In Town,Near Shopping,Near Railroad,Major Road Frontage,Open,Wooded,Near Hospital
Zoning:Mixed Use Residential
Roof:Asphalt Shingle
Sewer:Public
Parking Features:Assigned,Off Street,Parking Spaces 11 - 20,Paved
Principal Interest
$1,544
Taxes
$1,105

Home Price

$695,000

Loan Details

30 yrs
%

Down Payment

20%
$139,000
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Monthly Price:
$1,544.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,544.44 $1,104.78 $0.00 $2,649.22
Yearly $18,533.33 $13,257.32 $0.00 $31,790.65
Total $556,000.00 $397,719.60 $0.00 $953,719.60

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Montpelier, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.