401 19Th StCheyenne, WY 82001

  • Banks
  • 27,546 SF
For Sale

Property Details for 401 19Th St

Year built
1980
Lot size
0.80 AC
Property size (Sq ft)
27,546 SF
Zone code
CBD
Property type
Banks
APN
11001033000011
APU
11001033000011

Description

This exceptional 0.8-acre commercial lot presents a unique investment opportunity in the vibrant city of Cheyenne, Wyoming. Located at 401 W 19TH ST Unit 3-FL, this property offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and functionality. Its strategic location within Cheyenne ensures high visibility and accessibility, making it an ideal site for businesses seeking a strong presence in the community. The absence of existing structures on the lot allows for complete customization, enabling prospective buyers to construct a building tailored to their specific needs and preferences. This presents a blank canvas for entrepreneurs and developers to create a thriving commercial space. The property's zoning regulations should be independently verified to ensure compliance with intended use. Given the size and location, this lot is well-suited for a range of commercial applications, from retail establishments and office spaces to light industrial uses. Serious inquiries are encouraged to explore the possibilities and unlock the potential of this prime Cheyenne commercial land. The property is offered for lease or sale, and further details regarding terms and conditions are available upon request. This is a rare opportunity to acquire a substantial commercial lot in a desirable location, offering significant long-term growth potential. Don't miss out on this chance to establish your business in a thriving Wyoming community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,674,691
    6.5%
    $8,930,484
    7%
    $8,292,592
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,227,780
    Geo Method
    $5,735,144
  • Alternative Use

    Use
    Valuation
    Residential
    $7,533,198
    Hospitality
    $6,900,368
    Educational
    $5,741,026
    Medical
    $5,938,468
    Retail
    $8,930,484
401 19Th St, Cheyenne, Wyoming

Location Insight

City
Cheyenne
County
Laramie
State
Wyoming
Latitude
41.1341
Longitude
-104.82
CBSA code
16940
CBSA name
CHEYENNE, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,387
$24,711
$504,634
$529,345
-
$260,118
$5,311,937
$5,572,055

FAQs

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