For sale: Colby School property for $5.2 M |

For sale: Colby School property for $5.2 M

Realtor Patty Horie is charged with finding a buyer for the property formerly home to The Colby School at 3770 State Road 224 and she thinks the task will be done by spring.

"It’s so unique. I would find it hard to believe it will still be on the market this time next year," she said.

There’s a lot going for the property, which some people are calling "the old Snowed Inn," evoking the original owners, she said. But there’s also the Summit County development code to consider.

The neighborhood has been zoned as residential, with the property’s commercial status grandfathered in. Still, unless the new owners meet the definition of "low impact" business, a conditional use permit would have to be approved by the planning commission.

That’s if a business buys it, Horie explained. It could conceivably be converted into a residence. She’s betting on a business, though.

According to Summit County Planner Amir Caus, there’s a list of businesses that would or would not be allowed and an "office" of any kind would not be.

Neither would a hotel or restaurant; although, a bed and breakfast would be with a conditional permit, he said. That’s what many in the area are hoping for. It was what the building was originally designed for.

Parkite Nancy McLaughlin, association manager for the Bed and Breakfast Inns of Utah, Inc., said she thinks it’s a wonderful idea. The clientele they attract are different enough that it would not compete for visitors with the condominium-hotels at The Canyons. It’s far enough out of town that it would likely not take customers from existing inns in Park City.

Horie said she envisions it becoming a corporate retreat center, a spa, a wellness center or even another school. The Colby School vacated after merging with The Park City Day School in Pinebrook.

"There’s really a lot of different things they could do with it. With that type of zoning, a lot could be done," she said.

It’s close to all three resorts but not close enough to be plagued with the same traffic problems during the busiest times of year, she added.

"I don’t want to pigeonhole the property. You just don’t know what people have in their minds, what visions they have," she said. "This kind of property in this kind of community does not come on line often with a stream, mountain views, beautiful building the banisters are pieces of furniture in themselves."

The planning code will not allow anything involved with manufacturing or automobiles, financial services including banks, camping of any kind, funeral services and other uses, Caus said.

It would allow, sometimes requiring a conditional permit, any kind of agricultural business (including a fur farm), horse boarding, a nursery, a place of worship and childcare among other uses, he explained.

The asking price for the 5.9 acres with four buildings is $5.2 million, Horie said.

View Colby School property for sale in a larger map

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