1216 2Nd StCasper, WY 82601

Property Details for 1216 2Nd St

Year built

1915

Lot size

0.15 AC

Property size (Sq ft)

1,667 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

3379-10-20-1-00300

APU

33791020100300

Description

This exceptional commercial property, located at 1216 E 2nd St, Casper, WY 82601, presents a unique investment opportunity. The two-story building, constructed in 1915, offers approximately 3,000 square feet of heated and cooled space, ideally situated on a corner lot across from a hospital, ensuring high visibility and foot traffic. The property features a versatile layout previously occupied by an orthodontist's office, making it suitable for a variety of commercial uses. A significant advantage is the C2 zoning, allowing for a flexible mix of commercial and residential applications. The building includes a 1,170 square foot basement with two kitchens and separate entrances, adding to its adaptability. Twelve parking spaces are conveniently located directly behind the building. This prime location in Casper, Wyoming, offers significant potential for entrepreneurs and investors alike. The building has no elevators. The property consists of one building and is zoned C2. The cross street is Hospital.

• CAP approach

  CAP return

  Valuation

  6%

  $361,131

  6.5%

  $333,351

  7%

  $309,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,101

  Geo Method

  $137,728

• Alternative Use

  Use

  Valuation

  Residential

  $413,356

  Hospitality

  $378,632

  Educational

  $315,017

  Medical

  $325,851

  Retail

  $490,026

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.849

Longitude

-106.309

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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