149 State Street Montpelier VT Commercial For Sale $940000

List Price: $940,000 | $141 per sq.ft. Commercial
Space type Listed Friday Feb 23, 2024 | MLS# 4985913

Listing Agent Jeanne Felmly, Dome Real Estate Group LLC. To see this Listing:

Call 802-295-1355

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Description:

Excellent opportunity to own prime commercial space in Montpelier near I89, public transportation, schools, CVMC Hospital and shopping. The 6,686 square foot building is currently comprised of 13 offices and 6 airbnb rooms, one full bath, one 3/4 bath and two half baths (one handicap accessible), two kitchenettes and over 30 parking spaces. There are many preserved original details throughout the front portion of the building including a spectacular two level porch with dramatic columns. This property has prime road frontage on Route 2/State Street and ample signage. It's is a 5 minute walk to the State House and center of town. Perfect for investment, conversion to rental property or 1031 exchange! The July flooding did affect the building but it has been restored and renovated as is ready for immediate occupancy. Also listed as multi-family: MLS#4987186
Building Type : Business | Hospitality | Investment | Multi-Family | Office

Disability Features : 1st Floor Bedroom | 1st Floor Full Bathroom | Access Parking | Kitchenette w/5 Ft. Diam | No Stairs from Parking | One-Level Business | Paved Parking | Zero-Step Entry Ramp

Equipment : CO Detector | Smoke Detectr-Batt Powrd | Smoke Detectr-Hard Wired

Misc : Living Space Available | Smoke/Heat Detectors | Heat Included

Sale Includes : Land/Building

Features:

Signage: Adequate

Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0

Propery Information:

ExteriorRoof: Shingle - Asphalt

Land Information

Lot size: 0.48 acres
Zoned: Mixed Use Residential
Flood Zone: Yes
Road Frontage: 90
Garage And Parking: Parking Spaces 21+ | Paved
Road Frontage: 90
No. of Docks | 0.

UtilitiesHeating: Hot Water | Oil
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Telephone Available
AC % | 0.

Additional Information

Docs Available : Aerials | Deed | Tax Map
Easement - Unknown
Taxes $19,280
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
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