7436 State Hwy 89th N Evanston, WY 82930-9789
This exceptional investment opportunity presents a fully renovated restaurant ideally situated on Highway 89 in Evanston, Wyoming. Recently updated and formerly known as the Hornets Nest, this property offers a unique blend of classic charm and modern functionality. The building sits on one acre of land, providing ample parking for patrons and convenient access for customers. The interior boasts a completely remodeled dining area, designed to create a warm and inviting atmosphere for diners. The kitchen is fully equipped with state-of-the-art appliances, ensuring efficient and effective food preparation. This turnkey operation is ready for immediate occupancy, eliminating the need for extensive renovations or upgrades. The outdoor seating area is perfect for expanding capacity during warmer months, adding to the overall appeal and potential revenue streams. High visibility from Highway 89 guarantees significant exposure to both local residents and travelers, ensuring a steady flow of potential customers. This is a rare chance to acquire an established restaurant in a desirable location, making it an attractive proposition for both experienced restaurateurs and ambitious entrepreneurs seeking a profitable venture. The property's prime location and recent renovations combine to create a compelling investment opportunity in the vibrant Evanston community.
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
Similar Nearby for Lease
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.