Current Use by Public Records
- Portofino Auto Sales and Tire Shop / Auto Parts Store / Discount Store
- John Skarochlid / Auto Repair Shop / Vehicle Inspection Center
Property Details for 1822 Logan Ave
- Year built
- 1955
- Lot size
- 0.32 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Longitude
- -104.798
- Latitude
- 41.1422
