147 Main Street Montpelier, VT 05602

$1,900,000
147 Main Street, Montpelier, VT 05602
4705327
Broker: New England Landmark Realty LTD

Commercial Property for sale in Montpelier, VT

for $1,900,000. This 6,560 square foot building was built in 1780 on a lot size of 1.25 Acre(s).

Property Information

  • $1,900,000
  • Commercial
  • 6,560 Square Feet
  • Business
  • Active
  • Lot size of 1.25 Acre(s)
  • Built in 1780
  • Montpelier, VT
  • Downtown Neighborhood
  • Washington County
  • MLS/Web ID is 4705327
  • Listing Agent is Jenny Flower
  • Just Listed

Description

Saturated with stately elegance and prominently poised at the head of Main Street, this aesthetically preserved property has been a respected historic landmark admired for generations. Built by a prominent doctor just after Montpelier was settled, the property showcases the popular Greek Revival architecture favored during the colonial period. Originally occupied as a residence, subsequent owners rented out many of the rooms until after several additions, remodels and renovations, it transitioned into its current use as one of two buildings that comprises The Inn at Montpelier. Housing 9 bedrooms of the inn, a sprawling living room, 2 dining rooms, a parlor, pantry, large commercial kitchen, 4 wood burning fireplaces, covered porches and a wraparound veranda €Â' the property holds various options and abundant potential! New owners can continue running an inn or air B&B, convert the building back to a single family residence, or easily modify it to be apartments. At one point, a fine dining restaurant was run out of the property and all food & beverage service permits and licenses remain in-place and current to serve 44 guests. Just imagine the many creative ways all of this sq. footage can be used! Excellently maintained, an in-town location that can€Â„¢t be beat with commercial zoning and plenty of off-street parking, this is a beautifully appealing property in so many ways! Both buildings that make up the current Inn at Montpelier can be purchased together see MLS#

Interior 6

Appliances

  • Smoke Detector

Basement

  • Basement
  • Concrete Basement
  • Dirt Floor
  • Other
  • Unfinished

Heating Source

  • Oil
  • Pellet

Heating System

  • Baseboard
  • Hot Water
  • Pellet Stove
  • Steam

Sewer

  • Public Sewer
  • Sewer

Water Source

  • Metered Water
  • Public Water

Exterior 9

Construction

  • Wood Frame

Foundation

  • Concrete
  • Fieldstone
  • Stone

Land Improvements

  • Sidewalks

Lot Description

  • City/Village
  • Landscaping
  • Open Lot

Parking

  • 21-40 Parking Spaces
  • On Site Parking
  • Parking Spaces
  • Unassigned Parking

Road Frontage

  • City Street
  • Other
  • Paved

Roof

  • Membrane
  • Slate

Siding

  • Clapboard
  • Wood Exterior

Zoning

  • Commercial
  • Flood Zone

Miscellaneous 4

Commercial

  • Fire System
  • Inventory Included
  • Living Space Available
  • Sale Includes Furniture
  • Security System / Alarm
  • Wet Sprinkler System

Documents

  • Deed Restrictions

Location

  • Historic Area
  • Near Public Transportation
  • Near Shopping
  • Railroad

Utilities

  • Electric Circuit Breakers
  • Phone

† Excluded Feature

Listed By

Listing Agent: Jenny Flower
Broker: NEW ENGLAND LANDMARK REALTY LTD

147 Main Street, Montpelier, VT, 05602 is a Commercial Property for sale at $1,900,000 with 6,560 sqft and a lot size of 1.25 Acre(s). 147 Main Street has 0.0 baths and was built in 1780. The property's zip code is 05602 which is in Montpelier, VT

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Market Pricing

Average % of sale price Median % of sale price
All listings in Montpelier $578,552 70 % below $365,000 81 % below
Commerical listings in Montpelier $763,390 60 % below $395,000 79 % below

Get the facts about Montpelier, VT!

Population 7,702
Population Growth (since 2000) -5 %
Median Income $62,865
Median Age 44.27
Households w/ Children 23 %

Residential Dwellings

  • Owned 2051
  • Vacant 237
  • Rented 1666

Similar Listings

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