120 Main StLyman, WY 82937

Property Details for 120 Main St

Year built

1930

Construction

FRAME

Lot size

0.21 AC

Property size (Sq ft)

1,326 SF

Property type

Retail space

APN

16143221102000

APU

16143221102000

Description

This exceptional Lyman, Wyoming commercial property, located at 120 S Main, offers 3,918 square feet of versatile space ideal for a variety of businesses. The main building boasts an impressive 1,350 square foot office area, thoughtfully designed with five private offices, a welcoming reception area, and a comfortable waiting room, ensuring both productivity and client comfort. Recent renovations have significantly enhanced the property's appeal, including a fresh coat of paint and brand-new carpeting throughout the office space, creating a modern and professional atmosphere. The building is equipped to handle modern technological needs with upgraded commercial-grade electrical outlets and switches. Year-round comfort is guaranteed with the installation of a new furnace in 2022 and a new central air conditioning system in 2023. The property is priced at $350,000 and sits on a 0-acre lot. This is a turn-key opportunity for a business seeking a well-maintained and updated office space in a convenient Lyman location. The remaining square footage beyond the 1,350 square foot office area offers additional potential for expansion, storage, or other business needs. This property presents a rare opportunity to acquire a move-in ready commercial space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $383,611

  6.5%

  $354,103

  7%

  $328,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $734,984

  Geo Method

  $276,076

• Alternative Use

  Use

  Valuation

  Residential

  $298,699

  Hospitality

  $273,607

  Educational

  $227,637

  Medical

  $235,466

  Retail

  $354,103

Location Insight

City

Lyman

County

Uinta

State

Wyoming

Latitude

41.3263

Longitude

-110.293

CBSA code

21740

CBSA name

EVANSTON, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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