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460 University Ave Laramie, WY 82070

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For Sale
$1,350,000

Laramie, WY: Multi-Building Investment

Property Features for 460 University Ave

General Information

Property type
Other commercial real estate
Lot Size
125,017 SF

Building Details

Year Built
1900

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Listing Contact
Kerry Mcintyre

Listing Agency: One West Real Estate Listing Agent: Kerry Mcintyre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional commercial property, located at 460 W University Ave in Laramie, Wyoming, presents a unique investment opportunity. Spanning 2.87 acres, the site comprises four distinct buildings offering diverse income streams and significant expansion potential. The centerpiece is a substantial 16,212 square foot main building, constructed in 1900, featuring a 5,000 square foot mezzanine. This building boasts a versatile layout including a reception/office area, a fully equipped welding shop, a carpentry shop, a paint booth, and a spacious warehouse facility. Adding to the property's income potential are two additional buildings, constructed in 1947 (5,360 square feet) and 1949 (4,600 square feet), which have been successfully converted into ten (10) 19x20 foot storage units. There's ample room for further development of additional storage units on the existing site. A fourth building, a 1,680 square foot Quonset hut built in 1940, completes the property's diverse portfolio. The entire complex is currently available for lease at a rate of $3.75 per square foot, triple net (NNN). This property offers a compelling blend of established income generation, versatile space, and significant future development possibilities, making it an attractive investment in a thriving Laramie location. The property's size and diverse building types provide a strong foundation for long-term growth and profitability.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Laramie
County
Albany County
State
Wyoming
Longitude
-105.6016
Latitude
41.31339

FAQs

What type of property is this?
Commercial real estate - Laramie, WY: Multi-Building Investment
Where is this commercial real estate located?
The property is located at 460 University Ave Laramie, WY.
What is the asking price?
The asking price for this property is $1,350,000.
More about this property
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