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Property profile & analytics
OFF-MARKET
Investment properties

205 Main St Newcastle, WY 82701-2125

13,085 SF 0.15 ac lot Built 1939
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US95-0174457
Property summary
AI-generated overview

This captivating 13,085 square foot building at 205 W Main Street, Newcastle, Wyoming, presents a unique investment opportunity. Situated on a 0.15-acre lot in the heart of downtown, this meticulously refurbished historic building boasts a wealth of original features, including stunning hardwood floors and a grand original bar. Currently generating income from a thriving deli, an ice cream shop, and rentable office spaces on the main level, this property offers immediate cash flow. The upper level provides a blank canvas for future development, perfect for expansion or the creation of additional rental units. Below the main level, a full-span walk-out basement features a separate entrance and currently houses vacation rental rooms, each retaining its historic charm. Adding to the income potential is a four-bedroom apartment also available for rent. This property is a blend of historic preservation and modern income generation, offering a rare chance to own a piece of Newcastle's vibrant downtown. The building's prime location and diverse income streams make it an exceptional investment opportunity with significant upside potential. The combination of established businesses and adaptable spaces ensures a strong foundation for future growth and profitability. This is a truly remarkable property with a rich history and a bright future. The asking price is $395,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1939
Total area 13,085 SF
Lot 0.15 ac (6,500 SF)
APN 45612913400400
UPID US95-0174457
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Black Hills Sol Massage Alternative Medicine Practice Spa & Massage Center
  • Antlers Building Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pamela A Gualtieri · 7 yrs held
Pamela A Gualtieri
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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