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    1614 House Ave Cheyenne, WY 82001

    For Sale
    $725,000

    Prime Cheyenne location, established business.

    Property size:
    4,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a thriving, owner-user convenience store in Cheyenne, Wyoming's central business district (CBD). The property, located at 1614 House Ave, encompasses a 4,150-square-foot retail space with a 100% occupancy rate, generating a gross income of $383,000 in 2023. The building, constructed in 1945 and renovated in 2000, sits on a 0.2-acre lot and includes 20 parking spaces. The property features a Class C building with two stories, offering a total of 4,150 square feet of net rentable space, priced at $174.70 per square foot. Significant air rights of 8,712 square feet are also available. The property is zoned for CBD use and includes a 900-square-foot upstairs office space (three offices and a half-bath) with rental potential of $15 per square foot annually. The sale includes the established business, Deluxe Tailors, operating under a gross lease, and a Chevy van. The seller is offering financing options with a 6% interest-only loan for three years. The property's Parcel Identification Number (APN) is PIDN: 14663143800100. This is a rare opportunity to acquire a profitable, established business with significant upside potential in a desirable location.

    Property Features for 1614 House Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,150 SF
    Class
    C
    Lot Size
    8,712 SF

    Building Details

    Year Built/Renovated
    1945/2000
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Thriving convenience store in Cheyenne, WY's central business district (CBD).
    • Owner financing available at 6% interest‑only for three years.
    • $383,000 gross income in 2023, representing a 7% cap rate.
    • Includes established business, Chevy van, and 900 sq ft upstairs office space with rental potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Deluxe Cleaners & Tailors Dry Cleaner

    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
    -104.812305
    Latitude
    41.13456432

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    FAQs

    What type of property is this?
    Individual retail property - Prime Cheyenne location, established business.
    Where is this individual retail property located?
    The property is located at 1614 House Ave Cheyenne, WY.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: Thriving convenience store in Cheyenne, WY's central business district (CBD).; Owner financing available at 6% interest-only for three years.; $383,000 gross income in 2023, representing a 7% cap rate.
    Request Owner's contact information
    1614 House Ave 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
    1614 House Ave Cheyenne, WY 82001
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