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HQ/Redev Opp: Luxury Hotel, Data Ctr, & more 178 Conservation Way 58,000 SF Office Building Sunderland, VT 05252 $8,007,070 CAD ($138.05 CAD/SF)
Investment Highlights
- Offered at $5.85M, over $4M below original $10M construction cost. 3-story, 58,000 sq ft office with infrastructure to support 325+ occupants.
- Located approximately 1 hour from Albany Airport, and within 15 to 30 minutes of several ski resorts, state parks, and more tourist destinations.
- Adaptive reuse potential, flexible zoning allows for a luxury hotel, ranches, innovative medical headquarters, and more.
- Former Orvis HQ, the company still occupies the 3rd floor but will relocate, providing short-term income. Furniture negotiable.
- Features include signage, large pond, 238 parking spaces, roof solar panels, and underground utilities on 351.88 acres.
- Sufficient power supply for data centers, lab uses, advanced manufacturing / R&D, and more.
Executive Summary
Orvis Headquarters Campus, is located at the intersection of Route 7 at Exit #3 between Bennington & Manchester, VT, in Sunderland, VT, which is in the SW corner of the State of Vermont, it is approximately an hour drive northeast to Albany Airport in NY. The Building was constructed 1998/1999 at a cost of $10 M and situated on 351.88 Acres. The Site is improved with a 58,000 sq ft 3-story building for 200 occupants, water and septic built for 325+ occupants, expansion possible. Site improvements include signage, underground utilities, landscaping, a large pond with a bridge to an island, and parking for 238 vehicles. The building and grounds continue to be well-maintained. The eco-friendly building also has a solar panels on the roof.
The building served Orvis very well for many years. However, with the change in virtual office technologies and the outcome of the COVID-19 pandemic, with workers becoming more remote to central offices, Orvis no longer has a need for this large office building. Orvis still occupies the third floor, but plans to move out eventually; they can vacate in 30-60 days if needed. Furniture on site is negotiable.
This is an excellent adaptive reuse opportunity based on the zoning district governing this location. 178 Conservation Way offers many possibilities including housing, R&D, manufacturing, innovation space, medical research, elderly care facility, storage facility to name just a few options in addition to the current Office use. The picturesque location, seren lake, and sprawling, manicured grounds makes this property attractive to many uses. The open Floor Plan is also a plus.
Currently assessed value is $6.6M, the sales price is $5.85M or $100 Per sq ft. An OUTSTANDING BUY in anyones book. Orvis is offering OWNER FINANCING w/$2.5 M down.
The building served Orvis very well for many years. However, with the change in virtual office technologies and the outcome of the COVID-19 pandemic, with workers becoming more remote to central offices, Orvis no longer has a need for this large office building. Orvis still occupies the third floor, but plans to move out eventually; they can vacate in 30-60 days if needed. Furniture on site is negotiable.
This is an excellent adaptive reuse opportunity based on the zoning district governing this location. 178 Conservation Way offers many possibilities including housing, R&D, manufacturing, innovation space, medical research, elderly care facility, storage facility to name just a few options in addition to the current Office use. The picturesque location, seren lake, and sprawling, manicured grounds makes this property attractive to many uses. The open Floor Plan is also a plus.
Currently assessed value is $6.6M, the sales price is $5.85M or $100 Per sq ft. An OUTSTANDING BUY in anyones book. Orvis is offering OWNER FINANCING w/$2.5 M down.
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- Spec Sheets
- Zoning Information
- Surveys
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
58,000 SF
Building Class
B
Year Built
1999
Price
$8,007,070 CAD
Price Per SF
$138.05 CAD
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
19,333 SF
Lot Size
351.00 AC
Zoning
Commercial Industrial - Commercial Industrial
The Zone allows from residential to Industrial uses.
Parking
152 Spaces (2.62 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Food Service
- Security System
- Signage
- Storage Space
- Air Conditioning
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
212
2,279
3,594
2024 Population
210
2,289
3,640
Population Growth '20-'24
-0.9%
0.4%
1.3%
2020 Households
89
987
1,539
2024 Households
89
990
1,558
Household Growth '20-'24
0.0%
0.3%
1.2%
Average Age
45
45
45
Median Household Income
$82,031
$75,579
$81,718
Daytime Employees
271
1,095
1,416
Total Businesses
8
141
203
College Degree + Higher
33%
34%
35%
$ values in USD
Property Taxes
| Parcel Number | (199)0202 | Improvements Assessment | $8,200,800 CAD |
| Land Assessment | $799,305 CAD | Total Assessment | $9,000,104 CAD |
Property Taxes
Parcel Number
(199)0202
Land Assessment
$799,305 CAD
Improvements Assessment
$8,200,800 CAD
Total Assessment
$9,000,104 CAD
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HQ/Redev Opp: Luxury Hotel, Data Ctr, & more | 178 Conservation Way
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