Kimball Art Center listed at $8 million | ParkRecord.com
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Kimball Art Center listed at $8 million

The Kimball Art Center was put on the market on Wednesday with an asking price of $8 million, a listing that will almost certainly generate professional interest among the real estate community and curiosity from rank-and-file Parkites.

Jan Wilking, an agent with Berkshire Hathaway HomeServices, listed the property. It is among the most notable listings along Main Street in years given its status as an important historic building and the home of a top-tier Park City not-for-profit organization.

The Kimball Art Center signaled its intention to put the property on the market recently as a result of City Hall rejecting the organization’s designs for an expansion onto the space where a patio is now located at the corner of Main Street and Heber Avenue. Park City officials determined the designs did not fit the municipal government’s strict Old Town guidelines.

"That’s, I think, a number that is easily supportable," Wilking said about the asking price, noting the Kimball Art Center building’s approximate 12,600 square feet, the development prospects of the patio and the 133 feet of Main Street frontage.

He said he had received approximately 10 inquiries from agents representing potential buyers from Park City and elsewhere in the U.S. he is "very happy with the interest we’ve received."

"Several of the people are aware or have a good idea of what they can do with the building," he said

Wilking hopes to have the property under contract by the end of October with the possibility of a deal closing by the end of the year.


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