For Sale
$7,800,000

1469 Woodside Ave Park City, UT 84060

Luxury 10-BR rental lodge, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 7,123 square foot, three-story lodge in Park City, Utah, presents a rare opportunity to acquire a high-performing hospitality investment. Built in 2000 and extensively renovated in 2021, this meticulously maintained property boasts 10 bedrooms, 9.5 bathrooms, and an array of luxurious amenities designed to maximize rental income. The spacious layout includes an oversized kitchen, multiple living areas, an upstairs en-suite kitchenette, and individually zoned climate control in each suite. Additional features include granite countertops, a bar and billiards area, an oversized laundry room, a private hot tub grotto, fire sprinkler systems, elevator access, and an expansive ski prep and sauna lounge. Situated on a 0.13-acre lot with 8 parking spaces, the lodge enjoys a prime location in Historic Old Town, within walking distance of award-winning skiing, dining, and shopping. The property is zoned for recreation commercial use and nightly rentals, and its consistently high occupancy rate, with 2024 already significantly booked, demonstrates its strong earning potential. The asking price is $7,800,000, representing a price per square foot of $1,095.04 and a price per bedroom of $780,000. The property's pro-forma NOI is $497,000, yielding a pro-forma cap rate of 6.37%. All information provided is deemed reliable but not guaranteed

Highlights

  • Rare Old Town Park City lodge offering group rentals; many competitors are now private residences.
  • Strong year-over-year performance growth since 2019.
  • Current pro forma cap rate: 6.49%, projected to improve in 2023.
  • Detailed financials and rental history available upon request.

Property Details for 1469 Woodside Ave

Property type
Hospitality properties
Square Feet
7,123 SF
Year Built/Renovated
2000/2021
Buildings
1
Stories
3
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Park City
County
Summit
State
Utah
Latitude
40.654356488908
Longitude
-111.5058891694

FAQs

What type of property is this?
Hospitality property - Luxury 10-BR rental lodge, high ROI.
Where is the hospitality property located?
The property is located at 1469 Woodside Ave Park City, UT.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Rare Old Town Park City lodge offering group rentals; many competitors are now private residences.; Strong year-over-year performance growth since 2019.; Current pro forma cap rate: 6.49%, projected to improve in 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1469 Woodside Ave
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