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    216 Lincolnway Cheyenne, WY 82001

    Sponsored
    For Sale
    $1,900,000

    0.2-acre lot, ideal for development. High-growth potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    This exceptional 0.2-acre commercial lot, located at 216 W LINCOLNWAY in Cheyenne, Wyoming, presents a unique investment opportunity. Priced at $1,900,000, this property offers significant potential for development in a thriving area. The expansive 0.2-acre parcel provides ample space for a variety of commercial ventures. Its strategic location on W LINCOLNWAY ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Cheyenne. The property's zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. Given the size and location, this lot is well-suited for a range of commercial projects, from retail spaces and restaurants to office buildings and other commercial enterprises. Prospective buyers are encouraged to conduct their own due diligence to assess the property's suitability for their specific needs and to explore the potential for maximizing its value. The asking price reflects the significant potential of this prime commercial land in a growing market. This is a rare opportunity to acquire a substantial commercial lot in a desirable location within Cheyenne. Serious inquiries are welcome. All information provided is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 216 Lincolnway

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1882
    Property Profile Location Intelligence

    Current Use by Public Records

    Carl's Jr. Fast Food Restaurant Wyoming Home Home Goods Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Laramie
    State
    Wyoming
    Longitude
    -104.8161
    Latitude
    41.13259

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    FAQs

    What type of property is this?
    Commercial real estate - 0.2-acre lot, ideal for development. High-growth potential.
    Where is this commercial real estate located?
    The property is located at 216 Lincolnway Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    Request Owner's contact information
    216 Lincolnway Cheyenne, WY 82001
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    Cheyenne, WY 82001
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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
    216 Lincolnway Cheyenne, WY 82001
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