1940 Main StTorrington, WY 82240

Property Details for 1940 Main St

Year built

1908

Lot size

0.16 AC

Property size (Sq ft)

9,800 SF

Property type

Investment properties

Property subtype

Live-work space

APN

24611033817000

APU

24611033817000

Description

This exceptional commercial property, located at 1940 Main Street in the vibrant city of Torrington, Wyoming, presents a fantastic opportunity for a wide range of businesses. Boasting a generous 5,800 square feet of space, this building offers ample room for expansion and customization to suit individual needs. The property is situated on a lot with no acreage, making it ideal for businesses that require convenient access and minimal outdoor space. Its prime Main Street location ensures high visibility and accessibility for customers and employees alike. The asking price of $323,000 represents a compelling investment opportunity in a thriving Wyoming community. The property's versatile layout and substantial square footage make it suitable for a variety of commercial uses, from retail and office spaces to light industrial operations. The building's condition and specific features will need to be assessed through a thorough inspection. This property offers a unique chance to establish or expand a business in a desirable location with significant potential for growth and return on investment. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss out on this chance to secure a valuable asset in the heart of Torrington.

• CAP approach

  CAP return

  Valuation

  6%

  $2,341,463

  6.5%

  $2,161,350

  7%

  $2,006,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,573,361

  Geo Method

  $809,676

• Alternative Use

  Use

  Valuation

  Residential

  $2,680,074

  Hospitality

  $2,454,934

  Educational

  $2,042,476

  Medical

  $2,112,720

  Retail

  $3,177,185

Location Insight

City

Torrington

County

Goshen

State

Wyoming

Latitude

42.0639

Longitude

-104.185

Property Tax & Assessments

FAQs

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