July 30, 2014

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Article

Historic Park City Main Street Building Sold

Press Release

July 30, 2014


Park City – A historic 4,700 square-foot building at 591 Main St. in Park City has been sold to Park City-based PCMAIN LLC. The seller was Meyer Crest, Ltd. of Berkeley, Calif.

 “Due to Main Street’s high occupancy rate, prime vacancies are few and far between, particularly for a core structure such as 591 Main,” said Steve Hooker, director at Cushman & Wakefield | Commerce, who represented the seller. “Compared to previous years, the building sold fast—it was on the market for only four months. And at $2,950,000 or $628 per square foot, it was a significant transaction for the sellers and a new benchmark for the other commercial real estate offerings on Main Street.”

The building is one of only a few in the area that survived a devastating fire in 1898. The structure has had ongoing operations over the past 120 years. It is one of the few large retail spaces available in the Main Street business area of 2,400 square feet of open floor space as well as four residential units on the upper level. 

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