350 Wyoming BlvdCasper, WY 82609

Property Details for 350 Wyoming Blvd

Year built

1996

Lot size

0.52 AC

Property size (Sq ft)

5,272 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

3379-12-20-8-01500

APU

33791220801500

Description

This exceptional single-tenant retail property, located at 350 SE Wyoming Blvd in Casper, Wyoming, presents a significant investment opportunity. The building, constructed in 1984, boasts a substantial 43,996 square feet of space, ideal for a large-scale restaurant operation or similar business. Situated in Natrona County, this one-story building offers ample space for both front-of-house and back-of-house operations. The property's prime location ensures high visibility and accessibility for customers. The single-tenancy aspect provides a straightforward and manageable investment structure. With its significant square footage and established presence in Casper, this property is well-suited for a variety of uses within the restaurant or food service industry. The property's size and location make it an attractive option for expansion or relocation for existing businesses, or a strong foundation for a new venture. The building's age provides an opportunity for potential renovations or upgrades to further enhance its value and appeal. This is a rare opportunity to acquire a substantial commercial property in a desirable location within Casper, Wyoming. The property's zip code is 82609.

• CAP approach

  CAP return

  Valuation

  6%

  $1,678,791

  6.5%

  $1,549,653

  7%

  $1,438,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,172,554

  Geo Method

  $1,097,643

• Alternative Use

  Use

  Valuation

  Residential

  $1,307,190

  Hospitality

  $1,197,379

  Educational

  $996,206

  Medical

  $1,030,467

  Retail

  $1,549,653

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8475

Longitude

-106.271

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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