628 Richards St Douglas, WY 82633-2844
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.