205 Main St Newcastle, WY 82701-2125

Property Details for 205 Main St

Year built

1939

Lot size

0.15 lot acres

Property size

13,085 SF

Property type

Investment properties

Property subtype

Live-work space

APN

45612913400400

APU

45612913400400

Description

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.

Location Insight

City

Newcastle

County

Weston

State

Wyoming

Longitude

-104.205

Latitude

43.855

CBSA code

23940

CBSA name

GILLETTE, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments