2 Beds
2 Baths
3,600 SqFt
2 Beds
2 Baths
3,600 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $680
Subdivision Park East Ii & Iii Business Community Condominiums
MLS Listing ID 12601862
Style See Remarks,Other
Bedrooms 2
Full Baths 2
HOA Fees $1,260/qua
Year Built 2021
Annual Tax Amount $8,194
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 0.04
Property Sub-Type Condominium
Source Park City Board of REALTORS®
Property Description
What truly sets this offering apart is the Seller's willingness to execute a leaseback above current comparable lease rates, creating a compelling investor opportunity with projected cap rates exceeding 5%. For buyers seeking immediate cash flow combined with long-term appreciation potential, this property delivers a rare combination of income, flexibility, and premium design.
The main level features a 14-foot oversized garage door, warehouse/storage space, finished offices, a designer bathroom, and an impressive conference room ideal for client meetings and team collaboration. Upstairs, the space transforms into a true showpiece with luxury showroom-level finishes currently utilized as executive office space. The upper level includes a statement kitchen with top-tier appliances and custom finishes, three spacious office or bedroom areas, and two additional private rooms ideal for confidential meetings, podcasting, calls, or executive workspaces.
A significant portion of the property's value is tied directly to the extensive custom built-ins and high-end improvements installed by Alder & Tweed creating a level of finish, functionality, and design sophistication that would be exceptionally costly to replicate today.
Ideal for investors, business owners, creative firms, automotive enthusiasts, or buyers seeking a premium live/work-style environment within the Park City market.
Location
State UT
County Summit
Community Park East Ii & Iii Business Community Condominiums
Area 21 - Silver Creek South
Interior
Heating Natural Gas
Cooling Other
Equipment Fire Pressure System
Exterior
Parking Features RV Garage, Unassigned, Floor Drain, Oversized, Guest
Garage Spaces 5.0
Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected, Phone Available
View Y/N Yes
View Meadow, Mountain(s), Ski Area, Valley
Roof Type Flat
Total Parking Spaces 5
Garage No
Building
Lot Description Level
Foundation Other
Water Public
Architectural Style See Remarks, Other
Structure Type Stucco,Other
New Construction No
Schools
School District South Summit
Others
Tax ID Peiibcc-39-Am
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://tours.vuere.com/mls/244537846
NEARBY SCHOOLS & PROPERTIES
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2180 S 1300 E Suite 140, Salt Lake City, UT 84106, Holladay, UT, 84106, USA