2877 2Nd StCasper, WY 82609

Property Details for 2877 2Nd St

Year built

1971

Lot size

0.51 AC

Property size (Sq ft)

3,060 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3379-11-21-6-00100

APU

33791121600100

Description

This exceptional restaurant property, located at 2877 E 2nd Street in Casper, Wyoming, presents a lucrative investment opportunity. The building boasts a substantial 3,060 square feet of space, perfectly suited for a thriving culinary establishment. Situated on a lot with no acreage, the property offers convenient access and high visibility, ideal for attracting a large customer base. The asking price is $1,200,000, representing a significant value for a well-established business in a desirable location. The property's existing infrastructure provides a solid foundation for immediate operation or potential redevelopment to suit a variety of restaurant concepts. Its prime location within Casper ensures consistent foot traffic and easy accessibility for both customers and staff. This turnkey operation offers a rare chance to acquire a profitable restaurant in a growing market. The property is ready for a new owner to step in and continue its success or to implement their own vision. Serious inquiries are encouraged to explore this exceptional opportunity to own a well-positioned restaurant in the heart of Casper, Wyoming. The property's size and location make it an attractive investment for both experienced restaurateurs and new entrepreneurs looking to establish a presence in a vibrant community. This is a chance to acquire a ready-to-go business with significant potential for growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $974,395

  6.5%

  $899,442

  7%

  $835,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,841,399

  Geo Method

  $637,099

• Alternative Use

  Use

  Valuation

  Residential

  $758,713

  Hospitality

  $694,977

  Educational

  $578,212

  Medical

  $598,098

  Retail

  $899,442

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8485

Longitude

-106.289

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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