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HQ/Redev Opp: Luxury Hotel, Data Ctr, & more 178 Conservation Way 58,000 SF Office Building Sunderland, VT 05252 $5,850,000 ($100.86/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
178 Conservation Way, the former Orvis Headquarters, 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, and approximately an hour drive northeast to Albany Airport in NY. The Building was constructed in 1998/1999 at a cost of $10 M. It is situated on 351.88 Acres. The Site is improved with a 58,000 sq ft 3-story building for 220 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 solar panels, which are included in the sale.
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 is also negotiable.
This is an excellent adaptive reuse opportunity with flexible zoning and great infrastructure to recreate a novel destination. 178 Conservation Way has the power capacity for a data center or R&D / advanced manufacturing. An innovation lab is already in-place, allowing for cutting-edge medical research to be conducted here. The picturesque location, seren lake, and sprawling, manicured grounds makes this an easy conversion to luxury hospitality as well.
Currently assessed by the Town of Sunderland is $6.5 M and offered For Sale at $5,850,000, providing a new owner a tremendous value. Orvis has requested that all interested prospects sign a confidentiality agreement and provide proof of funds before viewing the property. Thank you for your understanding.
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 is also negotiable.
This is an excellent adaptive reuse opportunity with flexible zoning and great infrastructure to recreate a novel destination. 178 Conservation Way has the power capacity for a data center or R&D / advanced manufacturing. An innovation lab is already in-place, allowing for cutting-edge medical research to be conducted here. The picturesque location, seren lake, and sprawling, manicured grounds makes this an easy conversion to luxury hospitality as well.
Currently assessed by the Town of Sunderland is $6.5 M and offered For Sale at $5,850,000, providing a new owner a tremendous value. Orvis has requested that all interested prospects sign a confidentiality agreement and provide proof of funds before viewing the property. Thank you for your understanding.
DATA ROOM Click Here to Access
- 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
$5,850,000
Price Per SF
$100.86
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
290
1,076
1,416
Total Businesses
10
138
195
College Degree + Higher
33%
34%
35%
PROPERTY TAXES
| Parcel Number | (199)0202 | Improvements Assessment | $6,000,000 |
| Land Assessment | $584,800 | Total Assessment | $6,584,800 |
PROPERTY TAXES
Parcel Number
(199)0202
Land Assessment
$584,800
Improvements Assessment
$6,000,000
Total Assessment
$6,584,800
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HQ/Redev Opp: Luxury Hotel, Data Ctr, & more | 178 Conservation Way
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