722 Cedar AveKemmerer, WY 83101

Property Details for 722 Cedar Ave

Year built

1976

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

2,496 SF

Property type

Office properties

Property subtype

Office buildings

APN

21161443127200

APU

21161443127200

Description

This exceptional commercial property, located at 722 Cedar Avenue in Kemmerer, Wyoming, presents a unique investment opportunity. The building boasts a substantial 4,992 square feet of space situated on a 0.09-acre lot. Its convenient location, just one block from the main road in the original townsite, ensures high visibility and accessibility. The building's layout offers considerable flexibility. Multiple offices are available, allowing for the accommodation of several tenants, generating diverse income streams. Alternatively, the ground floor could be utilized for a single business owner's operations, with the fully separate basement level offering additional rental income potential via its own private entrance. This adaptability makes the property suitable for a wide range of commercial ventures. The asking price for this well-positioned and versatile commercial building is $299,000. This represents a compelling opportunity to acquire a significant asset in a thriving Wyoming community. The property's size and layout provide ample space for expansion or customization to meet specific business needs. Don't miss this chance to secure a prime commercial location in Kemmerer.

• CAP approach

  CAP return

  Valuation

  6%

  $491,232

  6.5%

  $453,445

  7%

  $421,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,025

  Geo Method

  $206,220

• Alternative Use

  Use

  Valuation

  Residential

  $562,272

  Hospitality

  $515,038

  Educational

  $428,506

  Medical

  $443,242

  Retail

  $666,564

Location Insight

City

Kemmerer

County

Lincoln

State

Wyoming

Latitude

41.7952

Longitude

-110.54

Property Tax & Assessments

FAQs

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