1508 3Rd StLaramie, WY 82070

Property Details for 1508 3Rd St

Year built

1965

Lot size

0.61 AC

Property size (Sq ft)

1,799 SF

Property type

Retail properties

Property subtype

Gas stations

APN

15730420004700

APU

15730420004700

Description

This exceptional commercial property presents a lucrative investment opportunity in Laramie, Wyoming. Strategically located off Interstate 80 on 3rd Street (US 287), this fully operational, unattended fuel station boasts a prime location with high visibility and significant traffic flow. The 1.01-acre site includes a 1,820 square foot building featuring two offices, a display area, and two spacious bays, ideal for various commercial uses. The property operates on a 24-hour card-lock system, ensuring convenient and secure access for customers. The fuel station infrastructure is robust, encompassing two canopies and three 10,000-gallon underground fiberglass tanks. Advanced technology is integrated with automatic tank gauging and continuous testing, providing efficient monitoring and maintenance. Four fueling islands cater to a high volume of vehicles. The property's size (44,372 square feet) offers potential for expansion or diversification. This turnkey operation is ready for immediate income generation, making it an attractive investment for discerning buyers seeking a profitable venture in a high-demand location. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $601,536

  6.5%

  $555,264

  7%

  $515,602

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,135,097

  Geo Method

  $374,556

• Alternative Use

  Use

  Valuation

  Residential

  $468,386

  Hospitality

  $429,039

  Educational

  $356,955

  Medical

  $369,232

  Retail

  $555,264

Location Insight

City

Laramie

County

Albany

State

Wyoming

Latitude

41.2989

Longitude

-105.595

CBSA code

29660

CBSA name

LARAMIE, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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