1400 Us-89 Jackson, WY 83001

Property Details for 1400 Us-89

Lot size

3.53 lot acres

Property type

Land

Description

This exceptional 3.69-acre property, comprised of two parcels at 1400 and 1450 S Highway 89 in Jackson, Wyoming, presents a remarkable mixed-use development opportunity. Ideally situated south of downtown Jackson, this prime location offers unparalleled access to amenities, schools, public transit, and the vibrant heart of Jackson Hole. The property boasts Commercial Residential-3 (CR-3) zoning, permitting a diverse range of uses including retail, office, and residential spaces. Currently generating approximately $240,000 in annual gross income from two short-term leases, this asset offers immediate return on investment. Building heights can reach 3 or 4 stories, and the Town of Jackson's Workforce Housing Bonus program unlocks the potential for over 200,000 square feet of development, significantly exceeding baseline entitlements. This program allows for increased square footage with the provision of workforce housing, which commands a strong market value. The site's established building envelope and flexible zoning create a canvas for a truly transformative project. With its strategic location, lucrative zoning, and potential for substantial expansion, this property represents an unparalleled investment opportunity in one of the most sought-after locations in the American West. The asking price is $20,000,000. Detailed development plans and financial projections are available upon request.