221 Washington AveRiverton, WY 82501

Property Details for 221 Washington Ave

Year built

1953

Lot size

0.32 AC

Property size (Sq ft)

5,524 SF

Property type

Turn key restaurants

APN

10-9114-34-1-25-001.00

APU

1091143412500100

Description

This exceptional restaurant opportunity is located at 221 E Washington Avenue in the vibrant city of Riverton, Wyoming. The property boasts a substantial 7,624 square feet of space, providing ample room for dining, kitchen operations, and potential expansion. Situated on a 0.32-acre lot, the property offers excellent visibility and accessibility. The building is currently configured as a fully operational restaurant, ready for immediate use or customization to suit a new owner's vision. The asking price for this turnkey operation is $330,000. This represents a significant opportunity for an experienced restaurateur or a new entrepreneur looking to establish a presence in a thriving community. The property's prime location on East Washington Avenue ensures high foot traffic and visibility, making it an ideal spot for attracting customers. The spacious layout allows for flexibility in design and functionality, catering to various culinary concepts. This is a rare chance to acquire a well-established restaurant in a desirable location, offering immediate income potential and significant growth opportunities. Serious inquiries are encouraged to explore this promising investment. The property is being sold as-is. All interested parties are responsible for conducting their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $1,802,878

  6.5%

  $1,664,195

  7%

  $1,545,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,519,578

  Geo Method

  $1,150,110

• Alternative Use

  Use

  Valuation

  Residential

  $1,403,811

  Hospitality

  $1,285,883

  Educational

  $1,069,840

  Medical

  $1,106,633

  Retail

  $1,664,195

Location Insight

City

Riverton

County

Fremont

State

Wyoming

Latitude

43.0233

Longitude

-108.388

CBSA code

40180

CBSA name

RIVERTON, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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