205 Main St Newcastle, WY 82701-2125
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.
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Antlers Building Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.