1200 W LORI LN #C15, Heber City, UT 84032
1200 W LORI LN #C15, Heber City, UT 84032
1200 W LORI LN #C15, Heber City, UT 84032
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Isaac Avilez

Isaac Avilez

+1(801) 455-1383
$1,900,000
Est. payment /mo
1 Bed
3 Baths
3,634 SqFt
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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 3,634 sqft

Price per Sqft $522

Subdivision Park East I

MLS Listing ID 2162534

Style Tri/Multi-Level

Bedrooms 1

Full Baths 1

Half Baths 2

Construction Status Blt./Standing

HOA Fees $6,000/ann

HOA Y/N Yes

Abv Grd Liv Area 3,634

Year Built 2017

Annual Tax Amount $13,247

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type Condominium

Property Description

1200 Lori Lane #C15 is a rare opportunity to own a true income-producing investment property in the heart of the Wasatch Back. This 4,400 SF luxury flex space features three fully lockable levels, allowing for three separate tenants with no crossover between spaces--an increasingly sought-after configuration for today's investors. The property is currently 100% leased with three established long-term tenants in place, generating a 5%+ cap rate in one of Utah's fastest-growing markets. With seasoned leases, no vacancy, and immediate cash flow from day one, this is a stabilized asset designed for predictable returns. The main level features a 14-foot oversized garage door opening to approximately 2,000 SF of flex warehouse space, ideal for equipment storage, showroom use, or business operations. It also includes four private offices, a large conference room, break room/kitchen area, and secure separation between warehouse and office space. The second level offers more than 1,000 SF of residential living space, including a large bedroom, full en-suite bath, and spacious family room. The third level functions as a fully independent one-bedroom apartment with a designer kitchen, large bathroom, and comfortable living area. Both residential units benefit from strong rental demand due to their proximity to Deer Valley East Village and the Jordanelle corridor. Originally finished by one of Park City's most respected builders, the property showcases exceptional craftsmanship and quality throughout, supporting long-term tenant retention and asset value. Conveniently located just 5.5 minutes from Deer Valley East Village and 2 minutes from Jordanelle Reservoir, this property combines reliable cash flow with strong appreciation potential. With all three tenants in place, long-term leases, and a 5%+ cap rate that is increasingly difficult to find in the Park City area, this is a true turnkey investment opportunity.

Location

State UT

County Wasatch

Area Charleston; Heber

Zoning Commercial

Rooms

Basement None, Slab

Interior

Interior Features Alarm: Fire, Disposal, Mother-in-Law Apt., Range: Gas, Vaulted Ceilings, Smart Thermostat(s)

Heating Forced Air

Flooring Hardwood

Fireplace No

Exterior

Garage Spaces 4.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

Amenities Available Maintenance, Management, Snow Removal, Water

View Y/N Yes

View Mountain(s)

Roof Type Metal

Present Use Residential

Topography Road: Paved, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain, Drip Irrigation: Auto-Full

Handicap Access Customized Wheelchair Accessible

Total Parking Spaces 4

Private Pool No

Building

Lot Description Road: Paved, Sprinkler: Auto-Full, View: Mountain, Drip Irrigation: Auto-Full

Story 3

Sewer Sewer: Connected, Sewer: Public

Water Culinary, Irrigation

Architectural Style Tri/Multi-Level

Structure Type Aluminum,Frame

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools South Summit

Middle Schools South Summit

High Schools South Summit

School District South Summit

Others

HOA Fee Include Maintenance Grounds,Water

Senior Community No

Tax ID 00-0021-1199

Monthly Total Fees $6, 000

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Christies International Real Estate VUE

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Isaac Avilez

Isaac Avilez

+1(801) 455-1383

Broker Associate | License ID: 5504193-ABOO

Broker Associate License ID: 5504193-ABOO

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