628 Richards St Douglas, WY 82633-2844
- Turn key restaurants
- 12,419 SF
- 0.58 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 628 Richards St
- Year built
- 1934
- Lot size
- 0.58 lot acres
- Property size
- 12,419 SF
- Property type
- Turn key restaurants
- APN
- 48481
- APU
- 48481
Description
This exceptional investment opportunity presents a well-established motel, bar, and restaurant located at 628 E Richards St, Douglas, Wyoming, 82633. The property boasts a prime location on a high-visibility road, ensuring excellent exposure and accessibility. The 33,626 square foot complex comprises five buildings, built in 1948, and includes 41 units, offering significant potential for revenue generation. The property sits on a generous 1.74-acre lot, zoned B2, providing ample space for expansion or redevelopment. Mature landscaping enhances the property's curb appeal and contributes to its established presence within the community. The existing motel, bar, and restaurant operation provides a solid foundation for continued success, while the expansive lot size and zoning offer flexibility for future development, including potential conversion to retail spaces. This unique property presents a rare chance to acquire a well-established business with significant upside potential in a desirable location. The asking price is $1,600,000. This is a turnkey operation with significant potential for growth and diversification. The property's history as a community fixture adds to its inherent value and appeal. The B2 zoning allows for a variety of uses, making it an attractive investment for both seasoned operators and new entrepreneurs.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Douglas
- County
- Converse
- State
- Wyoming
- Longitude
- -105.38
- Latitude
- 42.7488
