700 Bitner Rd - Office FOR SALE


Park City, UT 84098
$3,950,000 USD
435-640-2972
700 Bitner Rd, Park City, UT for Sale
$3,950,000 USD
Office - FOR SALE
1/35
null | Request Cap Rate

700 Bitner Rd
Park City, UT 84098


HIGHLIGHTS

  • Prime Investment and Development Opportunity in Park City, Utah
  • 3.5 Acres of Prime Land minutes from Kimball Junction
  • Investment Opportunity: 3,600 SF Building on the Property with existing Rental Income
  • A variety of development uses could be pursued on this parcel

OVERVIEW

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***

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$1,097 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

CC

APN/PARCEL ID

PP-84-A-2-A

ASK ABOUT THIS PROPERTY

John TravisBerkshire Hathaway HomeServices Utah PropertiesMore Info
435-640-2972

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John TravisBerkshire Hathaway HomeServices Utah PropertiesMore Info
435-640-2972

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.