50 Broadway AveJackson, WY 83001

Property Details for 50 Broadway Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

14,052 SF

Property type

Retail space

APN

41163420500300

APU

41163420500300

Description

This exceptional two-story, 15,246 square foot Class A storefront at 50 E Broadway Ave in Jackson, Wyoming, presents a rare investment opportunity. Located in the heart of Jackson Hole's Town Square, this property boasts a highly desirable location within a thriving retail corridor experiencing approximately 15,000 vehicles daily and a Walker's Paradise score of 93. The building, originally constructed in 1628 and extensively renovated in 1997, is currently under a single-tenant, net-lease agreement with a remaining term of 4.7 years (expiring August 6, 2029). The property features 14,562 square feet of net rentable space, generating a substantial net operating income (NOI) of $970,000 and a 4.69% cap rate. The asking price is $20,700,000, translating to $1,357.73 per square foot. This cornerstone property benefits from a high net worth demographic, with a local average per capita income of $406,054, and the significant annual tourist spending of $1.7 billion. The 0.17-acre lot is zoned Town Square 1 and offers unparalleled visibility and pedestrian traffic. This is a low-management, highly maintained asset in excellent condition, representing a unique chance to acquire a prime retail space in one of the most sought-after locations in Jackson Hole. The property's proximity to numerous restaurants and amenities further enhances its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $4,329,314

  6.5%

  $3,996,290

  7%

  $3,710,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,372,744

  Geo Method

  $2,925,660

• Alternative Use

  Use

  Valuation

  Residential

  $3,371,020

  Hospitality

  $3,087,836

  Educational

  $2,569,043

  Medical

  $2,657,396

  Retail

  $3,996,290

Location Insight

City

Jackson

County

Teton

State

Wyoming

Latitude

43.4793

Longitude

-110.761

CBSA code

27220

CBSA name

JACKSON, WY-ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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