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343-351 Main St

27,352 SF 100% Leased Retail Building Lander, WY $1,250,000 ($46/SF) 8.66% Cap Rate

Investment Highlights

  • Great location downtown with an abundance of Sq Ft
  • Established commercial and residential tenant history
  • Off Street parking owned/reserved by owner

Executive Summary

Here is your chance to own a fantastic income producing property in the heart of downtown Lander! Totaling over 27,000 sq. ft., this very profitable building has 4 commercial spaces leased (14,400 sq.ft.) in addition to 22 furnished apartments upstairs. Also upstairs there is Coin operated laundry, private off-street parking for these units, Included Wifi, and all utilities. Most units have been extensively remodeled with tile floors and new kitchens/baths, new paint and fixtures. Call Skye Coleman - Weisz Today!

Property Facts

Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Year Built
Price
Price Per SF
Sale Type
Sale Condition
Property Type
Property Subtype
Building Size
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Percent Leased
Tenancy
Building Height
Building FAR
Land Acres
Investment or Owner User
1031 Exchange
Retail
Storefront Retail/Residential
27,352 SF
Investment or Owner User
1031 Exchange
Retail
Storefront Retail/Residential
27,352 SF
1919
$1,250,000
$46
Investment or Owner User
1031 Exchange
Retail
Storefront Retail/Residential
27,352 SF
1919
$1,250,000
$46
8.66%
$108,250
100%
Multiple
2 Stories
0.91
0.69 AC
Year Built
Price
Price Per SF
Cap Rate
Year-1 NOI
Cap Rate
Year-1 NOI
Percent Leased
Tenancy
Building Height
Building FAR
Land Acres
1919
$1,250,000
$46
8.66%
$108,250
8.66%
$108,250
100%
Multiple
2 Stories
0.91
0.69 AC
Percent Leased
Tenancy
Building Height
Building FAR
Land Acres
100%
Multiple
2 Stories
0.91
0.69 AC
Zoning
Parking
Opportunity Zone
C1
22 Spaces (0.8 Spaces per 1,000 SF Leased)
No

Amenities

  • Atrium
  • Courtyard
  • Signage
  • Skylights
  • Waterfront
  • Balcony
  • Listing ID: 13988182
  • Date Created: 10/6/2018
  • Last Updated:

zoning

Zoning Code C1

MAJOR TENANTS

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Apartments Upstairs
  • -
  • 12,878 SF
  • -
  • -
  • Fremont Music
  • -
  • 2,500 SF
  • -
  • -
  • Gannett Peak Sports
  • -
  • 4,000 SF
  • -
  • -
  • Middle Fork Restaurant
  • -
  • 4,000 SF
  • -
  • -
  • Ron's Flooring
  • -
  • 3,500 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Apartments Upstairs - 12,878 SF - -
Fremont Music - 2,500 SF - -
Gannett Peak Sports - 4,000 SF - -
Middle Fork Restaurant - 4,000 SF - -
Ron's Flooring - 3,500 SF - -

Traffic

Collection Street Cross Street Traffic Volume Year Distance
South 4th Street Garfield St, S 1,145 2020 0.05 mi
Garfield Street S 4th St, W 1,637 2020 0.06 mi
North 4th Street Main St, S 1,347 2020 0.07 mi
South 3rd Street Garfield St, S 1,839 2020 0.07 mi
North 3rd Street Main St, S 1,848 2020 0.08 mi
Lincoln Street N 4th St, W 1,533 2020 0.09 mi
Garfield Street S 5th St, W 1,522 2020 0.12 mi
Garfield Street S 3rd St, W 1,472 2020 0.12 mi
Lincoln Street N 3rd St, W 1,259 2020 0.14 mi
Lincoln Street N 5th St, W 1,425 2020 0.14 mi

PROPERTY TAXES

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