For Sale
$3,100,000

308 2Nd St Laramie, WY 82070

Mixed-use property, prime downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property, located at 308 S 2nd St in Laramie, Wyoming, presents a unique investment opportunity. The 15,739 square foot building, constructed in 1930 and meticulously restored, boasts a blend of historic charm and modern amenities. The two-story structure features a ground floor retail space currently operating a successful home furnishings and decor business, established as a local landmark. The upper floor comprises three separately rentable vacation units, consistently generating income through platforms like VRBO, with capacities ranging from four to ten guests. The property sits on a 0.15-acre lot and is zoned DC. The building's features include original hardwood floors, original light switches, and a sleek black garage storefront door. Its central downtown location in Laramie, Wyoming, benefits from high foot traffic and proximity to the University of Wyoming, offering a strong tenant base and tourism potential. The property's current 100% occupancy and 5.00% cap rate demonstrate its strong financial performance. This owner-user investment opportunity offers a compelling combination of established income streams and significant upside potential. The existing business is available for sale separately. Laramie's strategic location near Cheyenne, Fort Collins, and Denver provides easy access to major urban centers. The property's blend of retail and residential components makes it an ideal investment for those seeking a diversified portfolio.

Highlights

  • $3,100,000 asking price.
  • 15,739 square foot, mixed-use building on a 0.15-acre lot in downtown Laramie, Wyoming.
  • 100% occupancy with four units: three VRBO vacation rentals (sleeps 4-10) and one ground floor retail space.
  • 5.00% cap rate.
  • Historic building (1930) with two stories, currently operating as a retail store and vacation rentals.
  • Located in downtown Laramie, near the University of Wyoming, with easy access to Cheyenne, Fort Collins, and Denver.

Property Details for 308 2Nd St

Property type
Specialty properties, Land
Square Feet
15,739 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
6,534 SF
Units
4

Location Insight

City
Laramie
County
Albany
State
Wyoming
Latitude
41.310632414601
Longitude
-105.59495073309

FAQs

What type of property is this?
Specialty property - Mixed-use property, prime downtown location.
Where is the specialty property located?
The property is located at 308 2Nd St Laramie, WY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: $3,100,000 asking price.; 15,739 square foot, mixed-use building on a 0.15-acre lot in downtown Laramie, Wyoming.; 100% occupancy with four units: three VRBO vacation rentals (sleeps 4-10) and one ground floor retail space.
How can I contact the broker?
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308 2Nd St
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