850 Broadway Ave Jackson, WY 83001-8647
- Strip malls
- 12,660 SF
- 0.84 lot acres
Current Use by Public Records
- Tortilliea Mi Pueblo / Tortilla Shop
Property Details for 850 Broadway Ave
- Year built
- 1974
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.84 lot acres
- Property size
- 12,660 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 41163320000600
- APU
- 41163320000600
Description
This exceptional commercial property, located at 850 W Broadway Avenue Unit 850 in Jackson, Wyoming, presents a unique investment opportunity. Situated just one mile from Jackson Hole's renowned Town Square, this expansive 15,086 square foot building sits on a 0.84-acre lot and commands a highly visible position just off Broadway Avenue, benefiting from significant traffic flow in both directions. Currently housing five thriving businesses, the property demonstrates established commercial viability and strong rental income potential. Its strategic location ensures high foot traffic due to its proximity to numerous amenities including banks, hotels, restaurants, fitness centers, and shopping destinations. The flexible floor plan offers unparalleled adaptability, making it suitable for a diverse range of commercial uses, from retail and office spaces to restaurants or a mixed-use development. The asking price for this significant commercial asset is $15,000,000. This property represents a rare chance to acquire a substantial and well-positioned commercial holding in the heart of Jackson Hole's vibrant business district. The scale and location make it an ideal investment for those seeking a high-return opportunity in a thriving market. The existing businesses provide immediate income potential, while the adaptable layout allows for future expansion and diversification.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $565,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $360,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $440,000
- Mixed-Use
- $355,000
- Hospitality
- $430,000
- Educational
- $435,000
- Residential Income
- $335,000
- Energy
- $315,000
- Income-Based Land
- $355,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Teton
- State
- Wyoming
- Longitude
- -110.781
- Latitude
- 43.4734
- CBSA code
- 27220
- CBSA name
- JACKSON, WY-ID MICROPOLITAN STATISTICAL AREA