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Investment Highlights

  • Premier commercial condominium in the Park East II development.
  • Main floor includes oversized 14-foot drive-in door and high-clearance ceilings.
  • Lower level provides substantial additional workspace and storage capacity.
  • Existing tenant in place with NNN lease history providing immediate income.
  • Flexible configuration suitable for showroom, office, warehouse, storage, or production uses.
  • Upper-level executive office or conference room.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 16
  • 3,946 SF
  • Flex
  • $1,995,000 ($505.58/SF)
  • $99,750
Sale Type Investment
Cap Rate 5.00%
Sale Conditions 1031 Exchange, Sale Leaseback
Sale Notes
Whether you're looking for dependable investment income today or a headquarters that can evolve with your business tomorrow, this is a rare opportunity to own one of Park East II's premier commercial condominiums in the heart of Park City. Currently leased to an established local tenant with a proven five-year NNN lease history and renewal options, the property delivers immediate cash flow while preserving future flexibility for an owner-user or investor. Inside, nearly 4,000 square feet spans three thoughtfully designed levels that can adapt as your needs change. The expansive main floor features soaring ceilings, an oversized 14-foot garage door, and an open layout ideal for everything from showroom space and light industrial use to creative offices or specialty storage. The lower level provides generous room for offices, production, inventory, or client-facing workspace, while the private upper-level office opens to a rooftop deck overlooking protected open space with views of Deer Valley's Bald Mountain—an inspiring setting for meetings or a quiet place to recharge. Unlike many commercial spaces, the absence of load-bearing interior walls allows the layout to be reconfigured with minimal renovation costs, giving you the flexibility to grow, reposition, or customize the space over time. Located within Park East II, a thriving commercial community home to law firms, architects, financial advisors, designers, builders, technology companies, and collectors of luxury automobiles, boats, and RVs, this property offers more than 40 permitted uses in one of Park City's fastest-growing business corridors. Whether your goal is stable income, long-term appreciation, or securing a versatile space for your future business, opportunities like this are increasingly difficult to find.
Unit Unit Size Condo Use Price NOI
Unit 16 3,946 SF Flex $1,995,000 ($505.58/SF) $99,750

Unit 16

Unit Size
3,946 SF
Condo Use
Flex
Price
$1,995,000 ($505.58/SF)
NOI
$99,750

Unit 16

Unit Size 3,946 SF
Condo Use Flex
Price $1,995,000 ($505.58/SF)
NOI $99,750
Sale Type Investment
Cap Rate 5.00%
Sale Conditions 1031 Exchange, Sale Leaseback
Sale Notes
Whether you&#39;re looking for dependable investment income today or a headquarters that can evolve with your business tomorrow, this is a rare opportunity to own one of Park East II&#39;s premier commercial condominiums in the heart of Park City. Currently leased to an established local tenant with a proven five-year NNN lease history and renewal options, the property delivers immediate cash flow while preserving future flexibility for an owner-user or investor. Inside, nearly 4,000 square feet spans three thoughtfully designed levels that can adapt as your needs change. The expansive main floor features soaring ceilings, an oversized 14-foot garage door, and an open layout ideal for everything from showroom space and light industrial use to creative offices or specialty storage. The lower level provides generous room for offices, production, inventory, or client-facing workspace, while the private upper-level office opens to a rooftop deck overlooking protected open space with views of Deer Valley&#39;s Bald Mountain—an inspiring setting for meetings or a quiet place to recharge. Unlike many commercial spaces, the absence of load-bearing interior walls allows the layout to be reconfigured with minimal renovation costs, giving you the flexibility to grow, reposition, or customize the space over time. Located within Park East II, a thriving commercial community home to law firms, architects, financial advisors, designers, builders, technology companies, and collectors of luxury automobiles, boats, and RVs, this property offers more than 40 permitted uses in one of Park City&#39;s fastest-growing business corridors. Whether your goal is stable income, long-term appreciation, or securing a versatile space for your future business, opportunities like this are increasingly difficult to find.</li></ul>

Property Facts

The following property facts and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 3,946 SF
Property Type Flex (Condo)
Property Subtype
Light Manufacturing
  • General Retail Storefront Retail/Office
  • Office Medical
  • FlexLight Distribution
Building Class A
Floors 3
Typical Floor Size 1,315 SF
Year Built 2019
Lot Size 0.04 AC
Parking Ratio 0.51/1,000 SF
Zoning LI - Light Industrial

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
  • Listing ID: 41365235

  • Date on Market: 7/20/2026

  • Last Updated:

  • Address: 4554 Forestdale Dr, Park City, UT 84098

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