House Description

Rare opportunity to own one of Park East II's premier commercial condominiums in the heart of Park City. Ideal as an investment or future owner-user opportunity, the property is currently leased to a well-established local tenant with a proven five-year NNN lease history and renewal options, providing immediate income from day one. Offering 3,946 square feet across three levels, the property features 1,800 square feet on the main level with an oversized 14-foot garage door, restroom, and soaring 18-foot ceilings throughout most of the space. The lower level provides an additional 1,800 square feet with 9.6-foot ceilings, ideal for offices, a showroom, storage, or production space. The upper level includes a 350-square-foot private executive office or conference room and opens to a private rooftop deck with views of protected open space and Deer Valley's Bald Mountain. Designed for efficiency and flexibility, the building features no load-bearing interior walls, allowing the floor plan to be easily reconfigured for a wide variety of business uses while minimizing renovation costs. With more than 40 permitted uses, Park East II is home to a dynamic mix of law firms, architects, financial advisors, interior designers, builders, technology companies, and collectors of luxury automobiles, boats, and RVs. Whether you're seeking a quality income-producing investment or a premier flex space in one of Park City's fastest-growing commercial corridors, this property presents an exceptional opportunity.

Highlights

Listed by Jonathan Crosswhite , 435-659-4757 Christie's International Real Estate VUE , 435-649-0891. Wasatch Front Multiple Listing Service

Property Type

Condo/Townhome

Lot/Acreage

0.04

HOA Fee

1686 Quarterly

Year Built

2020

County

Summit

Area

Park City; Kimball Jct; Smt Pk

Neighborhood

Park East Ii Business Community Condos

School District

South Summit

Listing ID

2172349

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Payment Breakdown

Principal Interest

$9,934

Taxes

$957

HOA

$1,686

Home Price

$1,995,000

Home Price

Loan Details

30 yrs

6.353%

Interest Rate

Loan Type

Down Payment

20%

$399,000

Down Payment

Down Payment %

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Monthly Price:

$9,934.01

Principal

Taxes

HOA

	Principal	Taxes	HOA	Total
Monthly	$9,934.01	$956.50	$1,686.00	$12,576.51
Yearly	$119,208.12	$11,478.00	$20,232.00	$150,918.12
Total	$3,576,243.65	$344,340.00	$606,960.00	$4,527,543.65