757 Gilchrist StWheatland, WY 82201

Property Details for 757 Gilchrist St

Year built

1988

Construction

FRAME

Lot size

0.11 AC

Property size (Sq ft)

1,568 SF

Property type

Bars

Property subtype

Pubs

APN

246813110001CM

APU

246813110001CM

Description

This exceptional 1,568-square-foot bar located at 757 Gilchrist Street in Wheatland, Wyoming, presents a unique investment opportunity. Built in 1988, this single-unit retail property sits on a substantial 4.839-acre corner lot zoned for General Business. The building boasts a spacious open floor plan, perfect for a lively atmosphere, featuring a fully equipped bar with a commercial sink and under-counter cooler, a stage and dance floor, and a drive-through window. A walk-in cooler with a newer compressor ensures efficient storage. Separate men's and women's restrooms are conveniently located on the main floor. The lower level offers additional space ideal for large gatherings or storage. Recent upgrades include a brand-new metal roof, new LED lighting, updated electrical systems, new commercial-grade exterior doors, and new windows. The sale includes all existing tables, chairs, and barstools. With its prime downtown location and extensive recent renovations, this property offers significant potential for continued success. The property includes two parking spaces. This is a turnkey operation ready for a new owner. The asking price is $199,000.

• CAP approach

  CAP return

  Valuation

  6%

  $550,712

  6.5%

  $508,350

  7%

  $472,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,037,579

  Geo Method

  $326,461

• Alternative Use

  Use

  Valuation

  Residential

  $428,812

  Hospitality

  $392,789

  Educational

  $326,796

  Medical

  $338,035

  Retail

  $508,350

Location Insight

City

Wheatland

County

Platte

State

Wyoming

Latitude

42.0542

Longitude

-104.952

Property Tax & Assessments

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