5373 Ut-224Park City, UT 84098

This exceptional mixed-use property, located at 5373 UT-224 in Park City, Utah, presents a compelling investment opportunity. The 10,620 square foot building, constructed in 2018 and extensively renovated in 2022, boasts a Class B rating and sits on a 1.13-acre lot. Currently configured as a veterinary surgical center, the property features four buildings, two stories, and ample parking for 38 vehicles. The main building includes an ADA-compliant elevator, five bathrooms, two interview/exam rooms, and two private offices, all equipped to accommodate MRI and CT imaging technology. The property also includes historically restored support buildings, now uniquely designed event spaces, and a fully equipped commercial kitchen. The lush landscaping complements the solar power systems. The property enjoys convenient access via UT Highway 224, with proximity to Salt Lake City (20-30 minutes via I-80) and major ski resorts (5-10 minutes). Zoned (HS) Hillside Stewardship with a low impact commercial use permit, the property offers a Net Operating Income (NOI) of $600,000, resulting in a 5.71% cap rate. The asking price is $10,500,000 ($988.70/sq ft). Note that the NOI figures are pro-forma projections, not guaranteed, and square footage is based on a July 2024 appraisal. The current business is not included in the sale and will relocate upon closing. A short-term lease-back may be considered.