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73 Main St
Montpelier, VT 05602
Office Property For Sale
Investment Highlights
- Landmark mixed-use asset anchored by nationally recognized and local retail tenants.
- Multiple long-term retail leases provide established occupancy within the property.
- Diverse tenant mix includes retail, office, medical, professional, and residential uses.
Executive Summary
The Vermont Capital Portfolio consists of five properties and seven buildings located at 73 Main Street, 79-83 Main Street, 141 Main Street, 8 St. Paul Street, and 1-3-5 Spring Street in Montpelier, Vermont. The portfolio contains retail, office, multifamily residential, parking, and access-related real estate totaling 103,381 square feet. The offering price is $13,650,000. The properties are located within Montpelier's downtown district near the Vermont State House, government offices, businesses, and community institutions. Ownership reports completion of flood mitigation and resiliency improvements, including protection and relocation of critical building systems.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
48,418 SF
Building Class
B
Year Built
1880
Price
$6,980,000
Price Per SF
$144.16
Cap Rate
5.26%
NOI
$367,148
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,104 SF
Building FAR
3.09
Lot Size
0.36 AC
Zoning
Urban Center 1 - Urban Center 1
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