Downtown Montpelier Investment Opportunity!

Description:

Located at 89 Main Street, City Center is prominently situated in the heart of downtown Montpelier, Vermont’s capital city. This mixed-use commercial property enjoys a prime Main Street location within walking distance of government offices, shops, restaurants, and the Vermont State House.

The multi-story office and retail complex offers approximately 90,000 square feet of space, along with an attached 105 car parking garage and multiple long-term State of Vermont and government leases. As a cornerstone of downtown Montpelier, City Center provides tenants and visitors with convenient access to numerous local amenities, including banks, the public library, a movie theater, and a variety of dining and shopping options.

Over the past decade, City Center has undergone extensive renovations across the majority of its suites, resulting in modernized office spaces thoughtfully designed to meet the needs of today’s post-pandemic workforce. In the last five years alone, total capital improvements have exceeded $2.4 million, underscoring a strong commitment to long-term quality and tenant experience.

Constructed on a concrete pedestal 4 feet above street level with no basement, the building demonstrated exceptional resilience during the 2023 Montpelier floods, serving as a vital hub in the city during a time of crisis. The upper floors have been converted into office space supported by longterm leases, while the lower levels feature a dynamic mix of retail, office, and restaurant uses.

With a 97% occupancy rate, City Center is one of Montpelier’s most sought-after properties!