1469 Woodside Ave Park City, UT 84060

Property Details for 1469 Woodside Ave

Year built

2000

Lot size

0.13 lot acres

Property type

Commercial real estate

APN

SA-227-B

APU

SA227B

Description

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