Property profile

1501 3rd St Laramie, WY 82070

OFF-MARKET
Turn key restaurants
Property ID
US95-0262781
1,760 SF 0.38 ac lot Built 1983
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turn-key restaurant presents a unique investment opportunity in Laramie, Wyoming. Strategically located just north of the Interstate 80 and U.S. Highway 287 interchange, this property boasts unparalleled visibility at the southern entrance to the city. The building underwent a complete remodel in 2019/2020, ensuring all systems and fixtures are essentially brand new. The 1760-square-foot space sits on a sizable 0.38-acre lot, providing ample parking for customers. The restaurant's design caters to both dine-in and drive-thru patrons, maximizing potential revenue streams. Its prime street frontage location guarantees high traffic and excellent exposure to potential customers. The property is offered for sale at $990,000. This is an exceptional chance to acquire a fully operational, modern restaurant in a high-traffic area with significant growth potential. The combination of convenient location, recent renovations, and versatile design makes this a truly compelling investment. All equipment and fixtures are included, making this a truly turn-key operation ready for immediate occupancy. Don't miss this opportunity to own a thriving business in a desirable Wyoming location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Construction FRAME
Total area 1,760 SF
Lot 0.38 ac (16,509 SF)
APN 15730427000100
UPID US95-0262781

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1501 3rd St Laramie, WY 82070-4433
Laramie metro Census 963700 LARAMIE, WY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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