8-20 LANGDON STREET Montpelier, VT 05602 | Commercial Sale | Multi-Family, Office, Retail

$1,550,000

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0.25 acres
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Heney Realtors - Element Real Estate (Montpelier)

Description

Constructed by James Langdon around 1874 as one of three buildings on Langdon Street envisioned as a new shopping district in the center of downtown Montpelier. This three story wood frame structure has a brick shell and features granite lintel and sill detail. Three retail storefronts include Onion River Outdoors, Roam and Langdon Street Tavern. Second and third floors are a mix of offices and four residential apartments. Originally a social club, a large third floor suite has been home to Contemporary Dance and Fitness Studio since 1973. This block contributes significantly to the fabric of the community. Heated via an oil fired steam system, rubber membrane roof (installed in 2010) and with a fire suppression sprinkler system throughout. A solid opportunity to invest and improve a dynamic historic property.

Property Details

List Price $1,920,000 Sold Price $1,550,000 List Date 2022-11-01 Sold Date 2023-04-21 MLS ID 4935601 Status Closed Property Type Commercial Sale Business Type Multi-Family, Office, Retail County VT-Washington Days on Market 94

structure

basement Yes Total Baths 0 building area units Square Feet construction materials Masonry, Wood Frame foundation details Concrete, Stone heating Steam living area units Square Feet Parking Features Assigned roof Membrane stories 3 year built 1900

characteristics

current use Historic Building Acres 0 lot size area 0.25 Lot SqFt 10890.0 possible use Unknown view River water body name North Branch Winooski River waterfront y n Yes

tax

tax annual amount 39156.44 tax year 2022 zoning Urban Center 1, DesignRv

financial

gross income 219555.0 operating expense 115402.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Non-Rep Comp. 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 9/7/2023 3:55:53 PM (UTC)