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Executive Summary

Rare opportunity to own one of Park East II's premier commercial condominiums in the heart of Park City. Ideal as an investment or future owner-user opportunity, the property is currently leased to a well-established local tenant with a proven five-year NNN lease history and renewal options, providing immediate income from day one. Offering 3,946 square feet across three levels, the property features 1,800 square feet on the main level with an oversized 14-foot garage door, restroom, and soaring 18-foot ceilings throughout most of the space. The lower level provides an additional 1,800 square feet with 9.6-foot ceilings, ideal for offices, a showroom, storage, or production space. The upper level includes a 350-square-foot private executive office or conference room and opens to a private rooftop deck with views of protected open space and Deer Valley's Bald Mountain. Designed for efficiency and flexibility, the building features no load-bearing interior walls, allowing the floor plan to be easily reconfigured for a wide variety of business uses while minimizing renovation costs. With more than 40 permitted uses, Park East II is home to a dynamic mix of law firms, architects, financial advisors, interior designers, builders, technology companies, and collectors of luxury automobiles, boats, and RVs. Whether you're seeking a quality income-producing investment or a premier flex space in one of Park City's fastest-growing commercial corridors, this property presents an exceptional opportunity.

Property Facts

Price $2,806,965 CAD
Price Per SF $711.34 CAD
Sale Type Investment
Cap Rate 5%
Sale Conditions
1031 Exchange
  • Sale Leaseback
Property Type Flex
Property Subtype
Light Manufacturing
  • General Retail Storefront Retail/Office
  • Office Medical
  • FlexLight Distribution
Building Class A
Lot Size 0.04 AC
Rentable Building Area 3,946 SF
No. Stories 3
Year Built 2019
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 14
Zoning LI - Light Industrial

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -

Motion began as a patient-first, outcome-focused physical therapy practice and has grown around a care model rooted in community, inclusivity, and evidence-aligned treatment. Motion offers physical therapy and athletic training evaluation and treatment, return-to-sport testing, pelvic floor rehab, bike fitting, strength and conditioning programming, manual therapy, dry needling, sports massage, Pilates, nutrition, yoga, and personal training. Motion also supports postdoctoral learning through physical therapy student internships, residency programs, and onsite continuing education courses. Motion’s stated approach emphasizes clinical excellence, lifelong learning, and customized treatment plans for individual patient needs.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - -
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • PEIIBCC-13-AM
  • PEIIBCC-16-AM
  • PEIIBCC-18-AM
  • PEIIBCC-12-AM
  • PEIIBCC-17-AM
  • PEIIBCC-15-AM
  • PEIIBCC-11-AM
  • PEIIBCC-14-AM
Land Assessment
$0 CAD
Improvements Assessment
$21,668,455 CAD
Total Assessment
$21,668,455 CAD
  • Listing ID: 41365235

  • Date on Market: 2026-07-20

  • Last Updated:

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

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