1803 Capitol Ave

Description

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 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.