138 Main StSheridan, WY 82801

Property Details for 138 Main St

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.06 AC

Property size (Sq ft)

3,595 SF

Property type

Turn key restaurants

APN

03-5684-27-4-01-003-25

APU

356842740100325

Description

This exceptional Sheridan, Wyoming commercial property, located at 138 N Main Street, presents a unique investment opportunity. Priced at $2,168,000, the property encompasses a 2,495 square foot building featuring a thriving, established café on the main floor operating under a triple net (NNN) lease. The café boasts strong cash flow and a proven track record, with financial details available upon request. The sale includes all fixtures, furniture, equipment (FF&E), and existing inventory. A smooth transition is facilitated by the seller's willingness to assist the new owner. Adding to the property's appeal is a newly remodeled 1,100 square foot apartment on the second floor. This apartment offers an open living space, a modern kitchen, and expansive windows providing stunning Main Street views. The apartment is a valuable asset, offering additional income potential or comfortable living quarters. Note that the restaurant and building are offered together, but the restaurant may be purchased separately. All square footage measurements are approximate. This property represents a rare chance to acquire a well-established business and a versatile commercial building in a desirable Sheridan location. The property is situated in Sheridan County, Wyoming, zip code 82801. Inquire today to learn more about this outstanding investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,145,120

  6.5%

  $1,057,034

  7%

  $981,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,164,012

  Geo Method

  $748,488

• Alternative Use

  Use

  Valuation

  Residential

  $891,648

  Hospitality

  $816,744

  Educational

  $679,522

  Medical

  $702,892

  Retail

  $1,057,034

Location Insight

City

Sheridan

County

Sheridan

State

Wyoming

Latitude

44.7988

Longitude

-106.956

CBSA code

43260

CBSA name

SHERIDAN, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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