Property profile

216 Lincolnway Cheyenne, WY 82001

OFF-MARKET
Turn key restaurants
Property ID
US95-0342586
4,057 SF 0.8 ac lot Built 1985
Entity Owned 7-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering
  • Home Decor Store Department Store

Location

216 Lincolnway Cheyenne, WY 82001-4504
Cheyenne metro Census 702 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2015
Price N/A
2007
Price N/A
2006
Price N/A

Zoning & alternative use

CBD · Cheyenne, WY
Zoning description

5.4.3 CBD - Central Business District 5.4.4 MUR - Mixed-Use Residential District 5.4.5 MUB - Mixed-Use Business District 5.4.6 MUE - Mixed-Use Employment District 5.4.7 BP - Business Park 5.4.1 NB - Neighborhood Business…

General category CIVIC_INSTITUTIONAL

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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