Available For Sale - Multifamily

18,645 SF | Show Pricing $

AVAILABILITY DETAILS

Size
18,645 SF
Price/SF
Show Pricing $
Listing ID
SA461625
Notes
Broker Co op. This is an incredible investment opportunity. This building, located in the historic East Gateway of the city, is a perfect structure and location for urban lofts, office space, or retail. ** The uniqueness of this opportunity cannot be overstated, as it is one of only a few historic buildings in all of downtown Cheyenne that offers secure indoor parking for its tenants, with direct access from Central Avenue into the front of the building. The building has just completed all hazardous materials abatement and has received its Certificate of Completion from Wyoming DEQ. A new roof with 20-year warranty was installed in 2020, along with R-30 insulation. Significant cement work has been completed on the ground floor to prepare for build back and installation of storefront windows / doors. The opening for the garage door is roughed out and ready for installation there too. The sidewalk and curbs in front of the building were all replaced when the curb cut for entry into the garage was completed in 2020. At the same time, a large open vault under the sidewalk that extended out into the street was filled. During that project, large plenums were installed to allow for pipes and / or conduit in the future if needed.

Build-out costs as urban lofts will be minimal and will offer an outstanding payback opportunity in the very hot Cheyenne housing market, whether as rentals or as condos.

This building offers many windows and tons of natural light. High ceilings provide openness that's ideal for lofts. Depending on layout, the first floor provides up to 10 parking spaces. A modest sized basement contributes storage area or mechanical space as needed. Price is $975,000.00 - 6% commission to any agent representing a buyer. 307-206-5961
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Preserve Historic Wyoming, PRESERVE HISTORIC WYOMING