201 2Nd StGillette, WY 82716

Property Details for 201 2Nd St

Year built

1936

Lot size

0.16 AC

Property size (Sq ft)

3,384 SF

Property type

Retail space

APN

R0004967

APU

R0004967

Description

This 4,752 square foot mixed-use property, located at 201 W 2nd St, Gillette, WY 82716, is available for $219,900. The building, constructed in 1956, sits on a highly visible corner lot at the intersection of Hwy 14-16 and Warren Ave. The property features 3,400 square feet of net rentable space, with an additional 1,368 square feet in the basement. Currently vacant with an occupancy date of September 29, 2023, this single-story building offers significant potential for a variety of uses, including retail or office space. The property is zoned C-2 and includes some on-site parking. The asking price is $219,900, translating to $46.28 per square foot. This owner-user investment opportunity presents a strong value proposition in a desirable Gillette location. The building's previous use was as Gillette Pawn and Guns. The property is classified as Class C.

• CAP approach

  CAP return

  Valuation

  6%

  $1,133,288

  6.5%

  $1,046,112

  7%

  $971,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,138,409

  Geo Method

  $704,557

• Alternative Use

  Use

  Valuation

  Residential

  $882,435

  Hospitality

  $808,306

  Educational

  $672,501

  Medical

  $695,629

  Retail

  $1,046,112

Location Insight

City

Gillette

County

Campbell

State

Wyoming

Latitude

44.293

Longitude

-105.506

CBSA code

23940

CBSA name

GILLETTE, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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