1822 Logan Ave Cheyenne, WY 82001

Property Details for 1822 Logan Ave

Year built

1955

Lot size

0.32 lot acres

Property size

1,644 SF

Property type

Specialty properties

Property subtype

Land

Description

This exceptional 0.32-acre commercial property at 1822 Logan Ave, Cheyenne, Wyoming, presents a compelling investment opportunity. Currently 100% occupied under a Net Net Net (NNN) lease with a remaining term of approximately 1.4 years (expiring April 30, 2026), the property offers immediate income potential. The 1,644 square foot building, constructed in 1955, features two bay doors, an office/reception area, restrooms, and ample paved parking. The lease includes a 3% annual rent increase. Located on a prominent corner lot at the intersection of Logan and 19th, this property benefits from high visibility and convenient access. Zoned for commercial use, it's ideally suited for a variety of businesses, including automotive, car wash, retail, or redevelopment. The asking price is $485,000, translating to $295.01 per square foot. This property offers a blend of immediate income and long-term development potential in a thriving Cheyenne location. The lease commenced April 30, 2024, and is a single-tenant occupancy with no credit rating provided. The property is available for purchase as an owner/user. This is a rare opportunity to acquire a well-located commercial property in a growing market. The property is zoned for commercial use and offers significant potential for future development or continued income generation.