Located in Historic Old Town, this office building is a rare find in the heart of Park City, UT. Already fully tenant-occupied, this opportunity presents an immediate income potential for prospective buyers. The building was expertly reimagined and underwent extensive renovations in 2013, making it a stand-alone gem for your investment portfolio or as a distinguished location for a family office. The building currently is set up with three sophisticated tenant suites, each crafted with meticulous attention to detail to offer an inviting ambiance that provides productivity and collaboration, making it a conducive environment for various working needs. Eliminate the hassle of finding parking in the bustling Old Town with 12 dedicated parking spots available exclusively for this property. The building offers a prime location offering ultimate convenience. Just a short walk away from world-class skiing slopes, appealing to winter sports enthusiasts. Its proximity to the historic Main Street, known for its eclectic blend of boutiques, dining options, galleries, and entertainment venues, adds immense value. Moreover, two bus stations located right at the doorstep of the building ensure seamless connectivity throughout the city. The surrounding amenities, including chic cafes, renowned restaurants, fitness centers, and recreational areas, provide immediate access to conveniences, making it a perfect balance between work and leisure. Invest in a unique combination of historical charm and contemporary luxury with this remarkable office opportunity in Park City. Whether you're an investor looking to diversify your portfolio or a business wanting to establish a prestigious address, this property promises unparalleled value.

Property Features

Property / Building Info

• Acres: 0.19

Investment

• Net Operating Income (NOI): $211,828
• Expenses: $75,000
• Cap Rate (NOI/Price): 4.4 %
• APOD: 1

Features Include

• Accessibility: Elevator: Passenger; Fully Accessible
• Air Conditioning: Central Air; Gas
• Const. / Cond.: Wood Frame
• Water: Connected
• Visibility: Road Traffic
• Floors: Carpet; Hardwood; Tile
• Exterior: Paved Parking
• Heating: Forced Air
• Exclusions: Fixtures; Furniture; Real Estate
• Interior: Refrigerator; Restroom: Private; Sprinkler System Fire; Video Camera(s)
• Irrigation: Available
• Roads: Asphalt; Bus Service; Sidewalk
• Sewer: Connected; Public
• Land Condition: Fenced: Part; Landscaping: Full; Paved; Sprinkler: Auto-Full; Trees
• Roof: Wood Shake Shingles
• Site: Tenant Occupied
• Zoning: Commercial
• Telcom: Fiber Optics
• Terms: Cash; Conventional
• Utilities: Paid By Landlord
• Windows: Blinds; Shades

Buyer's Brokerage Compensation

2.5% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.

Schools

Designated Schools

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Nearby Schools

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