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    OFF-MARKET
    Turn key restaurants

    216 Lincolnway, Cheyenne, WY 82001-4504

    4,057 SF 0.8 ac lot Built 1985
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US95-0342586
    Property summary
    AI-generated overview

    This exceptional 0.2-acre commercial lot, located at 216 W LINCOLNWAY in Cheyenne, Wyoming, presents a unique investment opportunity. Priced at $1,900,000, this property offers significant potential for development in a thriving area. The expansive 0.2-acre parcel provides ample space for a variety of commercial ventures. Its strategic location on W LINCOLNWAY ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Cheyenne. The property's zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. Given the size and location, this lot is well-suited for a range of commercial projects, from retail spaces and restaurants to office buildings and other commercial enterprises. Prospective buyers are encouraged to conduct their own due diligence to assess the property's suitability for their specific needs and to explore the potential for maximizing its value. The asking price reflects the significant potential of this prime commercial land in a growing market. This is a rare opportunity to acquire a substantial commercial lot in a desirable location within Cheyenne. Serious inquiries are welcome. All information provided is deemed reliable but not guaranteed and should be independently verified.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1985
    Total area 4,057 SF
    Lot 0.8 ac (34,848 SF)
    Zoning code CBD
    APN 11001038700050
    UPID US95-0342586
    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
    • Carl's Jr. Restaurant Take-out & Catering
    • Wyoming Home Home Decor Store Department Store
    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
    Westridge LLC · 7 yrs held
    Westridge LLC
    since 2019
    4 recorded transactions
    2019
    2015
    2007
    2006
    Zoning & alternative use
    CBD · Cheyenne, WY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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