1902 Avenue C - Industrial FOR SALE


Cheyenne, WY 82007
$2,950,000 USD
307-214-6688
1902 Avenue C, Cheyenne, WY for Sale
$2,950,000 USD
Industrial - FOR SALE
1/89
null | 7.4% Cap Rate

1902 Avenue C
Cheyenne, WY 82007


HIGHLIGHTS

  • ±5 acres total
  • 300-unit self-storage facility (~60% occupied)
  • fully leased warehouse
  • Rented single-family residence
  • City water & sewer
  • Lease-up and expansion upside

OVERVIEW

1902 Ave C offers a diversified, income-producing investment with immediate cash flow and clear upside. The ±5-acre property includes a self-storage facility, two fully leased warehouses, and a rented single-family residence, providing stable in-place income with multiple value-add opportunities. The self-storage component consists of 300 units situated on approximately 2.5 acres and is currently ~60% occupied, creating a straightforward path to increased NOI through lease-up. Additional expansion of storage units is possible on the remaining land, subject to buyer plans and approvals. The balance of the site includes two fully leased warehouse buildings and a single-family home on the remaining 2.5 acres, contributing to strong day-one income. The property delivers an 8% cap rate as-is and is split-zoned Light Industrial (LI) and Mixed Use (MU). Located in the county of Cheyenne while utilizing City of Cheyenne South Side water and sewer, the site offers flexibility for continued operations or future development.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$1,024 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

307 Storage Solutions

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5

LAND SF

217,800

ZONING

LI/MU

APN/PARCEL ID

1-9165-0016-0000-0

ASK ABOUT THIS PROPERTY

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.

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.