463 Mountain View Drive, Colchester, VT 05446 – SOLD

Description: Owned and developed by Park Place Associates, 463 Mountain View Drive has been the home to Engelberth Construction, one of the area’s largest commercial contracting companies since its construction in  1990.  Situated at the crest of Mountain View Drive in The Office Park at Water Tower Hill, this four-story office property provides a grand lobby, on-site fitness center with accompanying locker facilities, two elevators, updated mechanicals, ample on-site parking while tenants enjoy breathtaking views of Lake Champlain, the Green and Adirondack Mountains.

Over the last two years, the ownership has renovated both inside and out while securing new long-term tenants that have included several high-end renovations and refinishing of upper-level office suites, bathroom cores, the addition of an on-site gym, repaving and curbing of parking areas, and more.

The building measures over 63,000 square feet spread over 4 levels while situated on 4.25 ± acres of land with frontage measuring 694+ feet along Mountain View Drive, and 370+ feet along West View Drive.   There are 220 on-site surface parking spaces.

Recent renovations and tenant fit-ups on the 3rd and 4th floor created beautiful modernized office suites, upgrades to bathroom cores on the 3rd and 4th floor, mechanical and parking surface upgrades are all upgrades to the buildings core and lease spaces that a new buyer will benefit from.