245 Millward St Jackson, WY 83001-8581

This exceptional commercial redevelopment opportunity presents a unique chance to acquire four lots in the heart of Jackson Hole, Wyoming. The property, encompassing 0.64 acres, currently features a mix of 33 residential units, including a single-family home under a long-term lease. A fully approved 2023 development plan from the Town of Jackson, known as "Millward Street Apartments," allows for a significant expansion and repositioning of the asset. The approved plan includes 4,094 square feet of commercial space designated for office and retail uses, catering to the high demand in this vibrant downtown area. Further enhancing the investment potential, the plan incorporates 7,763 square feet dedicated to 11 short-term rental units, offering a diverse revenue stream. The residential component is substantial, with 14,276 square feet allocated to 20 market-rate units, ranging from studios to three-bedroom apartments. Adding to the social responsibility aspect, 9,423 square feet are designated for 17 deed-restricted workforce housing units, addressing a critical need in the community. In total, the project encompasses 48 residential units, providing a significant rental income potential. This property offers a rare blend of commercial and residential development potential in a highly sought-after location, presenting a compelling investment opportunity for discerning buyers. The asking price for this exceptional property is $12,000,000.