1803-1807 Capitol Ave - Office FOR SALE


Cheyenne, WY 82001
$2,100,000 USD
307-214-6688
1803-1807 Capitol Ave, Cheyenne, WY for Sale
$2,100,000 USD
Office - FOR SALE
1/95
null | Request Cap Rate

1803-1807 Capitol Ave
Cheyenne, WY 82001


OVERVIEW

Positioned in the heart of Downtown Cheyenne, The Teton Building at 1803 Capitol Avenue offers a rare opportunity to acquire a historic yet modernized mixed-use office asset with dedicated on-site parking — a true rarity in the downtown market. Originally constructed in 1928, this iconic property combines historic character with extensive updates completed throughout the years, including major renovations and continued capital improvements by current ownership. The offering includes two separate lots and contains approximately ±25,000 SF across multiple levels, featuring a passenger elevator, approximately 18 basement parking spaces, and an additional 30 exterior spaces for tenants and visitors. Currently highly occupied with only ±3,302 SF of remaining vacancy, the building provides strong in-place income with flexibility for an owner/user or investor seeking additional upside potential. Recent improvements include LED lighting upgrades, roof and skylight improvements, carpet replacement, interior updates, and parking garage enhancements. Recognized for its architectural significance and preservation efforts, The Teton Building has received multiple local beautification and historic preservation awards. Offered at $2,100,000, this is a unique opportunity to own a landmark downtown asset with strong occupancy, dedicated parking, included excess land/lots, and long-term investment potential in Wyoming’s capital city.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Teton Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,491 SF

ZONING

CBD

APN/PARCEL ID

1-1001-0327-0005-0

ASK ABOUT THIS PROPERTY

Rob GrahamColdwell Banker - The Property Exchange, Inc.More Info
307-214-6688

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Rob GrahamColdwell Banker - The Property Exchange, Inc.More Info
307-214-6688

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