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79-83 Main St 15,000 SF 100% Leased Retail Building Montpelier, VT 05602 $2,112,119 CAD ($140.81 CAD/SF) 5.29% Cap Rate
Investment Highlights
- Corner mixed-use property with retail and office components in downtown Montpelier.
- Multiple office suites create diversified occupancy across the asset.
- Established retail tenants provide active street presence along Main Street and East State Street.
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
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,000 SF
Building Class
C
Year Built
1990
Price
$2,112,119 CAD
Price Per SF
$140.81 CAD
Cap Rate
5.29%
NOI
$111,731 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.66
Lot Size
0.52 AC
Zoning
Urban Center 1 - Urban Center 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 2
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79-83 Main St
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