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700 Bitner Rd 3,600 SF 100% Leased Office Building Park City, UT 84098 $3,950,000 ($1,097.22/SF)
Investment Highlights
- Prime Investment and Development Opportunity in Park City, Utah
- Investment Opportunity: 3,600 SF Building on the Property with existing Rental Income
- 3.5 Acres of Prime Land minutes from Kimball Junction
- A variety of development uses could be pursued on this parcel
Executive Summary
LOT MINUTES FROM KIMBALL JUNCTION- WITH EXISTING INVESTMENT OPPORTUNITY
This Land parcel offers 3.5 acres of raw level land plus a 3,600 SF building with an active commercial lease until 2029.
This is a great parcel of land just minutes from Kimball junction. The land offers different development opportunities: there are a variety of uses that could be pursued at this site, all while having Investment Income from the existing structure.
There is a one-story office building with a paved parking area on the west portion of the property. There are several sheds east of the building. There is a pond and wetlands area in the eastern portion of the property. The ground surface at the property is relatively flat with a very gentle slope down to the north. Bitner Road, a two-lane, asphalt-paved road extends along the south side of the property. An unpaved road extends along the north side of the property. There is a townhome development to the east and a fire station to the west.
Note: Owner is Licensee. ***Commercial zoning is Conditional. Currently a commercial use property***
This Land parcel offers 3.5 acres of raw level land plus a 3,600 SF building with an active commercial lease until 2029.
This is a great parcel of land just minutes from Kimball junction. The land offers different development opportunities: there are a variety of uses that could be pursued at this site, all while having Investment Income from the existing structure.
There is a one-story office building with a paved parking area on the west portion of the property. There are several sheds east of the building. There is a pond and wetlands area in the eastern portion of the property. The ground surface at the property is relatively flat with a very gentle slope down to the north. Bitner Road, a two-lane, asphalt-paved road extends along the south side of the property. An unpaved road extends along the north side of the property. There is a townhome development to the east and a fire station to the west.
Note: Owner is Licensee. ***Commercial zoning is Conditional. Currently a commercial use property***
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,600 SF
Building Class
B
Year Built
1990
Price
$3,950,000
Price Per SF
$1,097.22
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,600 SF
Building FAR
0.02
Lot Size
3.50 AC
Zoning
CC - Commercial (Conditional use)
Parking
21 Spaces (5.83 Spaces per 1,000 SF Leased)
Amenities
- Security System
1 1
Property Taxes
| Parcel Number | PP-84-A-2-A | Improvements Assessment | $96,085 |
| Land Assessment | $1,524,600 | Total Assessment | $1,620,685 |
Property Taxes
Parcel Number
PP-84-A-2-A
Land Assessment
$1,524,600
Improvements Assessment
$96,085
Total Assessment
$1,620,685
Contacts
-
John Travis -
Jason Travis -
Andy Thelander -
Berkshire Hathaway HomeServices Utah Properties
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700 Bitner Rd
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