Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    543 Park Ave Park City, UT 84060

    Sponsored
    For Sale
    $31,000,000

    Luxury Boutique Hotel, 12 Rooms

    Property size:
    11,763 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This iconic 1889 Park City hotel, exquisitely renovated in 2010, boasts 12 meticulously appointed rooms, each a sanctuary of comfort and style. The 11,763 square foot, four-story building sits on a 0.3-acre lot at 543 Park Ave, steps from Main Street. Features include antique furnishings, original artwork, a grand living room with a monumental fireplace, a swimming pool, and a spa. Its prime location offers easy access to Park City's slopes via the Quittin' Time trail. This unparalleled investment opportunity, priced at $31,000,000, presents a chance to own a piece of Park City's history, suitable for use as a prestigious hotel or a magnificent private residence. The property's rich history includes its origins as one of Park City's first schoolhouses, later serving as a dance hall and bed and breakfast before its transformation into a world-renowned boutique hotel. All information should be independently verified.

    Property Features for 543 Park Ave

    General Information

    Property type
    Hotels
    Square Feet
    11,763 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built/Renovated
    1889/2010
    Buildings
    1
    Stories
    4

    HighLights

    • $31,000,000 asking price for this exceptional hospitality property.
    • 11,763 square foot, 12‑bedroom hotel in Park City, Utah.
    • Historic landmark built in 1889, extensively renovated in 2010.
    • Four‑story building on a 0.3‑acre lot at 543 Park Ave, Park City, UT 84060.
    • Boutique hotel with twelve meticulously appointed guest rooms, offering a luxurious experience.
    • Features a grand living room, inviting pool, and spa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Washington School House ... Hotel

    Suggested Use

    Building Supply Wholesale Shop Hair Salon Dental Office Pharmacy Auto Repair Shop Nail Salon Storage Facility Spa & Massage Furniture Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.4974333
    Latitude
    40.6446225

    Nearby Similar for Sale

    • $8,900,000
      0.21 Acres

      Spacious Commercial Unit in Park City

      Large flex/industrial space with expansion potential near highway access.
      4554 Forestdale Dr, Park City, UT 84098
      View Details
    • $3,700,000
      5,260 SF

      Park City Professional Office Building

      Professional office building in high-traffic Park City location.
      3247 Santa Fe Rd, Park City, UT 84098
      View Details
    • $750,000
      1.50 Acres

      Turn-Key Restaurant on Main Street

      Restaurant business for sale on Main Street in Park City.
      710 Main St, Park City, UT 84060
      View Details
    • $740,000

      Remodeled Canyon Creek Top-Floor Residence

      Spacious condo with modern updates and resort-style amenities.
      900 Bitner Rd, Park City, UT 84098
      View Details
    • $2,100,000
      1,514 SF

      Renovated Deer Valley Condo with Views

      Luxury renovated condo near Deer Valley Resort with mountain views.
      2510 E Deer Valley Dr, Park City, UT 84060
      View Details
    • $420,000
      446 SF

      Updated Loft in Prospector Square

      Stylish, updated loft near Park City's attractions and ski resorts.
      2245 Sidewinder Dr, Park City, UT 84060
      View Details
    • $755,000
      1,301 SF

      Private Corner Residence in Park City

      Rare ground-level unit with direct access to green space and trails.
      5519 Lillehammer Ln, Park City, UT 84098
      View Details
    • $755,000

      Private Corner Residence in Park City

      Rare ground-level corner residence with unmatched privacy and convenient access.
      5519 Lillehammer Ln, Park City, UT 84098
      View Details
    • $1,190,000
      2,778 SF

      Turn-Key Rental Investment Opportunity

      Refined residence with flexible layout, income potential, and community amenities.
      5428 N Bobsled Blvd, Park City, UT 84098
      View Details
    • $1,190,000
      2,550 SF

      Turnkey Investment in Bear Hollow

      Unique property with scheduled rental income near Kimball Junction.
      5428 N Bobsled Blvd, Park City, UT 84098
      View Details
    • $19,250,000
      5,832 SF

      Historic Main Street Commercial Building

      Prime location with income potential in Park City.
      268 Main St, Park City, UT 84060
      View Details
    • $840,000
      1,080 SF

      Upgraded Condo in Canyons Village

      Top-floor condo with mountain views, modern upgrades, and resort amenities.
      2025 Canyons Resort Dr, Park City, UT 84098
      View Details

    FAQs

    What type of property is this?
    Hotel - Luxury Boutique Hotel, 12 Rooms
    Where is this hotel located?
    The property is located at 543 Park Ave Park City, UT.
    What is the asking price?
    The asking price for this property is $31,000,000.
    What are key features of this property?
    This property features: $31,000,000 asking price for this exceptional hospitality property.; 11,763 square foot, 12-bedroom hotel in Park City, Utah.; Historic landmark built in 1889, extensively renovated in 2010.
    Request Owner's contact information
    543 Park Ave Park City, UT 84060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    543 Park Ave
    Park City, UT 84060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    543 Park Ave Park City, UT 84060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.