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    1501 3Rd St Laramie, WY 82070

    For Sale
    $990,000

    High-Visibility Restaurant, 1760 SF, .38 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional turn-key restaurant presents a unique investment opportunity in Laramie, Wyoming. Strategically located just north of the Interstate 80 and U.S. Highway 287 interchange, this property boasts unparalleled visibility at the southern entrance to the city. The building underwent a complete remodel in 2019/2020, ensuring all systems and fixtures are essentially brand new. The 1760-square-foot space sits on a sizable 0.38-acre lot, providing ample parking for customers. The restaurant's design caters to both dine-in and drive-thru patrons, maximizing potential revenue streams. Its prime street frontage location guarantees high traffic and excellent exposure to potential customers. The property is offered for sale at $990,000. This is an exceptional chance to acquire a fully operational, modern restaurant in a high-traffic area with significant growth potential. The combination of convenient location, recent renovations, and versatile design makes this a truly compelling investment. All equipment and fixtures are included, making this a truly turn-key operation ready for immediate occupancy. Don't miss this opportunity to own a thriving business in a desirable Wyoming location.

    Property Features for 1501 3Rd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1983
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fernandito’s Mexican Grill Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laramie
    County
    Albany County
    State
    Wyoming
    Longitude
    -105.5944
    Latitude
    41.29953

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Restaurant, 1760 SF, .38 Acres
    Where is this commercial real estate located?
    The property is located at 1501 3Rd St Laramie, WY.
    What is the asking price?
    The asking price for this property is $990,000.
    Request Owner's contact information
    1501 3Rd St Laramie, WY 82070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1501 3Rd St Laramie, WY 82070
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