Property profile

701 E Lincolnway Cheyenne, WY 82001

FOR SALE
Automotive properties
Property ID
US95-0024723
4,620 SF 0.28 ac lot Built 1922
Individually Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.38-acre commercial land parcel presents a rare opportunity in Cheyenne, Wyoming. Situated on East Lincolnway, a major arterial road, this corner lot boasts unparalleled visibility and high traffic counts exceeding 20,000 vehicles per day. Its strategic location offers easy access to downtown Cheyenne and the I-25 on-ramp, ensuring maximum exposure for any commercial venture. The property is zoned Cb – Commercial Business, allowing for a wide range of development possibilities. The address is 701 E Lincoln Way, Cheyenne, WY 82001, with an APN of 82001. This prime location, combined with its significant traffic volume and convenient access to key transportation routes, makes this an ideal investment for businesses seeking high visibility and accessibility. The asking price for this exceptional property is $590,000. Don't miss this chance to secure a prominent location in a thriving Wyoming city.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1922
Total area 4,620 SF
Lot 0.28 ac (12,276 SF)
Zoning code CB
APN 11001042500080
UPID US95-0024723

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
  • Car Dealership
  • Car Dealership

Location

701 E Lincolnway Cheyenne, WY 82001
Cheyenne metro Census 701 CHEYENNE, WY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2017
6 recorded transactions
2020
Price N/A
2017
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CB · Cheyenne, WY
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 - Busines…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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