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Property profile & analytics
OFF-MARKET
Bars & Pubs

507 Lincolnway Cheyenne, WY 82001-4605

7,300 SF 1.11 ac lot Built 1973
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US95-0041371
Property summary
AI-generated overview

This exceptional commercial property, located at 507 E LINCOLNWAY in Cheyenne, Wyoming, presents a unique investment opportunity. Priced at $295,000, the property is classified as "Other" and offers significant potential for a variety of commercial uses. While the square footage is not currently specified, the property sits on a zero-acre lot, suggesting a compact and potentially easily managed space. Its central Cheyenne location offers excellent visibility and accessibility, making it an ideal site for businesses seeking a high-traffic area. The property's versatility allows for creative adaptation to suit a range of commercial ventures. Further due diligence is encouraged to explore the possibilities and determine the best fit for your business needs. Given the attractive price point and prime location, this property is expected to generate strong interest. Interested parties are encouraged to act quickly to secure this promising investment. The absence of specified square footage necessitates an on-site inspection to accurately assess the property's dimensions and layout. This property is being offered as-is, and potential buyers are advised to conduct thorough inspections and due diligence before making an offer. The lack of detailed description underscores the need for a personal viewing to fully appreciate the property's potential. This presents a chance to acquire a well-situated commercial property in a thriving Wyoming city at a competitive price.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1973
Total area 7,300 SF
Lot 1.11 ac (48,248 SF)
Zoning code CB
APN 11001042300010
UPID US95-0041371
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
  • Good Friends Restaurant
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
Axe Properties LLC · 2 yrs held
Axe Properties LLC
since 2023
7 recorded transactions
2023
Price N/A
2021
Price N/A
2016
Price N/A
2015
Price N/A
2011
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
CB · Cheyenne, WY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

5.4.2 CB - Community Business District 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 District a. Intent. The NB District is intended for Retail, Employment, Service and Civic uses to su…

Zone name Community Business
General category CIVIC_INSTITUTIONAL
Zone area 1,568.65 ac
Source udc 2026 07 09
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