303 Spruce StRawlins, WY 82301

Property Details for 303 Spruce St

Year built

1982

Lot size

0.28 AC

Property size (Sq ft)

1,995 SF

Property type

Office buildings

APN

21871740100900

APU

21871740100900

Description

This exceptional commercial property, located at 303 W Spruce Street in Rawlins, Wyoming, presents a compelling investment opportunity. The building boasts a generous 1,995 square feet of versatile space, ideal for a variety of commercial uses. Situated on a lot with no acreage, the property offers convenient access and minimal land maintenance. The asking price is $325,000, representing a strong value in the Rawlins market. The property's location in Rawlins provides access to a thriving local economy and a strategic position within the state. The building's size and layout offer flexibility for businesses seeking a well-maintained space to establish or expand their operations. This is a rare opportunity to acquire a substantial commercial property in a desirable location at an attractive price point. The absence of acreage simplifies management and reduces ongoing costs. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the property for their specific business needs. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This presents a unique chance to secure a valuable asset in a growing community. Serious inquiries are welcome. The property is sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $442,703

  6.5%

  $408,648

  7%

  $379,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $504,098

  Geo Method

  $164,827

• Alternative Use

  Use

  Valuation

  Residential

  $506,724

  Hospitality

  $464,157

  Educational

  $386,173

  Medical

  $399,454

  Retail

  $600,713

Location Insight

City

Rawlins

County

Carbon

State

Wyoming

Latitude

41.7912

Longitude

-107.239

Property Tax & Assessments

FAQs

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