406 8Th StWheatland, WY 82201

Property Details for 406 8Th St

Year built

1940

Construction

FRAME

Lot size

0.80 AC

Property size (Sq ft)

6,148 SF

Property type

Warehouses

APN

246813402001CM

APU

246813402001CM

Description

This exceptional commercial investment opportunity in Wheatland, Wyoming, presents a portfolio of four strategically located buildings encompassing seven rental units. The property boasts a substantial 0.8-acre lot, offering ample space and approximately 35,000 square feet of graveled area. The buildings vary in size and construction, providing a diverse range of rental options. Two units reside within a newer, 104 x 60 foot steel structure, constructed in 2019. Another building is a 24 x 30 foot steel structure. Two additional units are housed in a 40 x 90 foot steel Quonset hut. Finally, two units occupy a 40 x 90 foot concrete block building, which underwent a complete refacing in 2019. All but one unit are currently leased, generating a strong passive income stream with long-term tenants. The property's visibility ensures easy customer access, while maintaining a degree of privacy. The total rentable square footage exceeds 14,000 square feet, making this a highly attractive investment with significant potential for future growth and returns. This turnkey operation requires minimal management, offering a compelling opportunity for investors seeking a stable and profitable venture. The asking price is $1,250,000.

• Alternative Use

  Use

  Valuation

  Residential

  $1,681,337

  Hospitality

  $1,540,095

  Educational

  $1,281,341

  Medical

  $1,325,408

  Retail

  $1,993,197

Location Insight

City

Wheatland

County

Platte

State

Wyoming

Latitude

42.0521

Longitude

-104.951

Property Tax & Assessments

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