For Sale
$1,350,000

460 University Ave Laramie, WY 82070

Laramie, WY: Multi-Building Investment

Overview

Added:
Feb 3
Days on market:
77
This exceptional commercial property, located at 460 W University Ave in Laramie, Wyoming, presents a unique investment opportunity. Spanning 2.87 acres, the site comprises four distinct buildings offering diverse income streams and significant expansion potential. The centerpiece is a substantial 16,212 square foot main building, constructed in 1900, featuring a 5,000 square foot mezzanine. This building boasts a versatile layout including a reception/office area, a fully equipped welding shop, a carpentry shop, a paint booth, and a spacious warehouse facility. Adding to the property's income potential are two additional buildings, constructed in 1947 (5,360 square feet) and 1949 (4,600 square feet), which have been successfully converted into ten (10) 19x20 foot storage units. There's ample room for further development of additional storage units on the existing site. A fourth building, a 1,680 square foot Quonset hut built in 1940, completes the property's diverse portfolio. The entire complex is currently available for lease at a rate of $3.75 per square foot, triple net (NNN). This property offers a compelling blend of established income generation, versatile space, and significant future development possibilities, making it an attractive investment in a thriving Laramie location. The property's size and diverse building types provide a strong foundation for long-term growth and profitability.

Property Details for 460 University Ave

Property type
Commercial real estate
Year Built
1900
Lot Size (sq. ft)
125,017 SF

Location Insight

City
Laramie
County
Albany County
State
Wyoming
Latitude
41.31339
Longitude
-105.6016
460 University Ave, Laramie, Wyoming

FAQs

What type of property is this?
Commercial real estate - Laramie, WY: Multi-Building Investment
Where is the commercial real estate located?
The property is located at 460 University Ave Laramie, WY.
What is the asking price?
The asking price for this property is $1,350,000.
How can I contact the broker?
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460 University Ave
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