1835 Madora AveDouglas, WY 82633

Property Details for 1835 Madora Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

2,911 SF

Property type

Office buildings

APN

89196

APU

89196

Description

This exceptional 5,600 square foot office building presents a lucrative investment opportunity in the thriving city of Douglas, Wyoming. Situated on a 0.25-acre lot, this property boasts a prime location off Richards Street, surrounded by established businesses, ensuring high visibility and accessibility. The building features two main-level rental units, each offering significant income potential. One of these units is currently leased, providing immediate cash flow and the possibility of owner-occupancy. Adding to its versatility, a full basement with separate exterior entrances provides additional rental space or the potential for expansion and customization. This presents a unique opportunity for an investor seeking to diversify their portfolio or an owner-operator looking to combine income generation with their own business operations. The building's substantial size and flexible layout offer considerable adaptability to a variety of commercial uses. The asking price of $350,000 reflects the exceptional value and income-generating potential of this property. Don't miss this chance to acquire a high-return commercial asset in a desirable location. This property is ready for immediate income generation and offers significant long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $663,216

  6.5%

  $612,200

  7%

  $568,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $729,998

  Geo Method

  $240,507

• Alternative Use

  Use

  Valuation

  Residential

  $759,128

  Hospitality

  $695,357

  Educational

  $578,529

  Medical

  $598,425

  Retail

  $899,934

Location Insight

City

Douglas

County

Converse

State

Wyoming

Latitude

42.7461

Longitude

-105.364

Property Tax & Assessments

FAQs

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