Excellent opportunity to own prime commercial/residential 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 commercial: MLS#4985913. †

Essentials

List Price 940,000	Bedrooms 0	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 0	Year Built 1860
MLS# 4987186	Lot Size 0.48 Acres	Taxes $19,280
Type Multi-Family	Days on Market 292 Days	Tax Year 2023
Units 0	Stories 2	Road Frontage 90
Annual Income $0	Style	Water Frontage
Annual Expenses $0	Finished 6,686 Sqft	Construction No, Existing
Zoning Mixed Use Residential	Above Grade 6,686 Sqft	Seasonal No
Total Rooms 0	Below Grade 0 Sqft	List Date Feb 23rd, 2024

Expenses

Gross Income $0	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Building

Construction
BasementInterior, Unfinished, No Tenant Access, Interior Stairs, Stairs - Interior, Unfinished, Interior Access
Interior Features
Exterior Features

Exterior	Disability Features
Foundation Stone	House Color White
Floors Laminate, Carpet, Hardwood	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsFrom I89, take exit 8 toward Montpelier/US 2 onto Memorial Drive. Go 1 mile. Turn left onto Bailey Ave Ext, then left onto State Street. Second house on right, sign on property.
Lot DescriptionUnknown, Near Bus/Shuttle, Near Railroad, Commercial Zoning, Near Hospital, Porch - Covered
Garage & Parking No, Paved, 21+ Spaces, Paved

Road Frontage 90	Water Access
Driveway Paved	Water Type
Flood Zone Yes	Water Body
Zoning Mixed Use Residential

Schools

School District Montpelier School District	Middle Main Street Middle School
Elementary Union Elementary School	High Montpelier High School

Utilities

Heat Fuel , Oil	Excluded Antiques; Personal belongings; Artwork
Heating/Cool Wall AC Units, Hot Water	Negotiable
Sewer Public	Parcel Access ROW
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co	Documents Property Disclosure, Deed, Property Disclosure
Electric 100 Amp, Circuit Breaker	Tax ID 40512611982