3609 LincolnwayCheyenne, WY 82001

Property Details for 3609 Lincolnway

Year built

1982

Lot size

0.62 AC

Property size (Sq ft)

3,956 SF

Property type

Turn key restaurants

APN

12417000200010

APU

12417000200010

Description

This exceptional restaurant opportunity is located at 3609 E Lincolnway in Cheyenne, Wyoming, zip code 82001. The property boasts a generous 3,956 square feet of space, situated on a 0.62-acre lot. Built in 1982, this single-tenant building is ideally positioned within Cheyenne Plaza, a thriving "big box" shopping center on the east side of the city. The plaza enjoys high visibility and significant foot traffic, benefiting from its location within a densely populated residential area. Neighboring businesses include well-established retailers such as Murdoch's Ranch and Home Supply, Sportsman's Warehouse, Dollar Tree, and Sherwin Williams, creating a strong retail synergy and attracting a substantial customer base. This property presents a unique chance to establish or relocate a restaurant in a high-traffic, well-established commercial center in Laramie County, Wyoming. The property's size and location offer significant potential for a successful culinary venture. The property is classified as Retail and Restaurant, with a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,389,424

  6.5%

  $1,282,545

  7%

  $1,190,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,617,770

  Geo Method

  $823,649

• Alternative Use

  Use

  Valuation

  Residential

  $1,081,875

  Hospitality

  $990,992

  Educational

  $824,493

  Medical

  $852,849

  Retail

  $1,282,545

Location Insight

City

Cheyenne

County

Laramie

State

Wyoming

Latitude

41.1385

Longitude

-104.766

CBSA code

16940

CBSA name

CHEYENNE, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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