1217 S Greeley Hwy - Medical FOR SALE


Cheyenne, WY 82007
$1,975,000 USD
307-634-2222
1217 S Greeley Hwy, Cheyenne, WY for Sale
$1,975,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

1217 S Greeley Hwy
Cheyenne, WY 82007


OVERVIEW

Exceptional investment and owner-user opportunity on approximately 1.97 acres featuring multiple income-producing buildings, long-term tenants, and future development potential. The main commercial building offers approximately 5,264 square feet above grade and is thoughtfully divided into two separate office suites with private entrances. Suite A (3,000 SF) and Suite B (2,200 SF) each feature their own kitchen and two restrooms, providing flexibility for a variety of professional or commercial uses. An additional 1,500-square-foot basement serves as storage and conference space, adding valuable functionality to the property. The property also includes an impressive 40' x 96' outbuilding constructed in 2018. Designed with quality and efficiency in mind, the shop features four 16-foot overhead doors, heat, ventilation system, office space, and a restroom. The building is currently leased to a mechanic and offers excellent utility for industrial, service, or commercial operations. A unique advantage of this property is its flexibility. While the existing leases provide immediate income, the office tenants are open to continuing or terminating their occupancy, creating an excellent opportunity for an owner-user seeking immediate space while maintaining additional rental income. The mechanic lease remains in place, providing stability and consistent revenue. Each tenant is separately metered and responsible for their own utilities, helping minimize owner expenses and simplify management. Adding to the property's long-term value, the parcel was originally platted to accommodate an additional building site between the commercial office building and shop, offering future development opportunities for expansion, additional income, or owner occupancy. Whether you're seeking a strong investment property, a business headquarters with supplemental income, or a property with future development potential, this offers a rare combination of cash flow, flexibility, and upside potential.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$748 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

CB

APN/PARCEL ID

1-1079-0039-0002-0

ASK ABOUT THIS PROPERTY

Natacha Gaspar#1 PropertiesMore Info
307-634-2222

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Natacha Gaspar#1 PropertiesMore Info
307-634-2222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.