Gillette Restaurant Opportunity For
1612 W 2nd St Gillette, WY 82716
For Sale
$1,350,000
COMMERCIAL - Gillette, WY
Property Size4,809 SF
Lot Size0.83 Acres
Price / SF$280.72
Days on Market405
Property Features for 1612 W 2nd St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- Size
- 4,809 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4246
Building Details
- Year built
- 1979
Listing Agency:
Razor City Realty
(307) 682-4200
Listed By:
Kevin Beck, CRS · License #1065
(307) 682-4200
Added: Jun 18, 2025
Changed: Jul 25
Last Checked: Jul 27 at 7:06AM
MLS# 25-2353
Copyright © 2026 Northeast Wyoming REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a commercial property located in Gillette, WY, situated on a 0.83-acre lot. The property features a freestanding building with 4809 square feet of space. It currently houses a long-standing Chinese restaurant that has served the community for decades, earning a loyal following. This turnkey business opportunity includes the building and land. The property is located in a high-visibility area. The building is designed for high-volume dining and takeout operations. Inside, there is a fully equipped commercial kitchen and a spacious dining area with traditional touches. Ample parking is available for both dine-in guests and staff. The layout allows for efficient workflow and smooth service, ideal for continuing the current concept or launching your own. The property is zoned C-1.
Key Highlights
- 1979‑built freestanding restaurant building included with the land
- 0.83‑acre lot
- Fully equipped commercial kitchen
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.4k | $18.60 |
| − Vacancy | −$10.6k | −$2.21 |
| EGI | $78.8k | $16.39 |
| − OpEx | −$19.7k | −$4.10 |
| NOI | $59.1k | $12.29 |
4,809 SF · lease $18.60/SF/yr · vacancy 11.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$844.3K
$738.8K – $985.0K
NOI $59,102 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hong Kong Restaurant
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Long-standing Chinese restaurant with building and land for sale.
Where is this conventional restaurant located?
The property is located at 1612 W 2nd St Gillette, WY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1979‑built freestanding restaurant building included with the land; 0.83‑acre lot; Fully equipped commercial kitchen
