1010 Cy AveCasper, WY 82604

Property Details for 1010 Cy Ave

Year built

2003

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

1,980 SF

Property type

Grocery and convenience stores

APN

3379-08-43-8-00100

APU

33790843800100

Description

This exceptional single-tenant retail property, ideally situated on 0.37 acres at the bustling intersection of Poplar Street and CY Avenue in Casper's westside, presents a compelling investment opportunity. The 1,980 square-foot building, constructed in 2003, currently operates as a gas station with eight island pumps and a convenience store. Its prime location ensures high visibility and accessibility, benefiting from significant traffic flow. The property is surrounded by a diverse mix of businesses, including other retail outlets, fast-food restaurants, grocery stores, and various retail establishments, as well as residential developments, creating a strong customer base. The single-story building offers ample space for a variety of retail uses, making it an attractive option for both established businesses and new ventures. This well-maintained property, situated in a thriving commercial area, offers a rare chance to acquire a profitable and strategically located asset in a growing market. The property's strong location and existing infrastructure make it an ideal investment for those seeking a stable and potentially high-return investment in the Casper, Wyoming market. The property is available for sale or lease.

• CAP approach

  CAP return

  Valuation

  6%

  $630,456

  6.5%

  $581,959

  7%

  $540,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,191,429

  Geo Method

  $412,241

• Alternative Use

  Use

  Valuation

  Residential

  $490,904

  Hospitality

  $449,666

  Educational

  $374,117

  Medical

  $386,983

  Retail

  $581,959

Location Insight

City

Casper

County

Natrona

State

Wyoming

Latitude

42.8352

Longitude

-106.337

CBSA code

16220

CBSA name

CASPER, WY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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