216 W Lincolnway , 31A

Description

Nestled in the vibrant heart of downtown Cheyenne, this historic building, constructed in 1882, embodies the rich heritage of Wyoming's Old West. Offering a blend of office and retail spaces, it showcases a thriving commercial environment. Currently, the ground floor is home to established retail tenants, including Wyoming Home, which has enjoyed over two decades of occupancy. The upper levels feature more than 8,500 square feet of office space, with the largest suite measuring approximately 4,500 square feet available for lease at the end of the first quarter of 2025. The building is fully ADA accessible and includes an elevator, ramps, and spacious hallways to ensure ease of access. Investors will appreciate the potential cap rate exceeding 6.5%, supported by both current leases and historical tenant performance. Following extensive renovations a few years ago, this property now boasts modern amenities while preserving its historic charm. Safety is prioritized with a state-of-the-art fire suppression system that includes active sprinkler systems and smoke dampeners in compliance with rigorous city codes. This iconic structure presents an exceptional opportunity for those looking to invest in a piece of Cheyennes storied past while securing future growth potential.