324 1 St Chugwater, WY 82210
This exceptional investment opportunity presents a rare chance to acquire a piece of Chugwater, Wyoming's history. The property, located at 324 & 330 1st Street, encompasses a substantial 12,548 square feet situated on a 0.58-acre lot. Originally constructed in 1918, this building boasts a striking brick facade and has served the community for over a century as a hotel, bank, and restaurant. While the exterior maintains its historical charm, the interior requires significant investment and renovation. Decades of vacancy have resulted in a need for stabilization and restoration work to secure the building's future. Detailed documentation is available, including a comprehensive structural condition assessment that thoroughly outlines the necessary repairs and improvements. This assessment provides a clear understanding of the scope of work required to bring this landmark property back to its former glory. The property's strategic location between Cheyenne and Wheatland offers excellent potential for a variety of commercial uses, making it an attractive proposition for investors seeking a unique and historically significant project. The asking price is $74,900. This is a chance to revitalize a cherished community landmark and capitalize on its considerable potential. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.