308 S 2nd St, Laramie, WY

Others for Sale - $3,100,000 - 15,739 Sq. Ft.


Agent Info

Bailey Wheeler
Coldwell Banker Commercial The Property Exchange

Property Info

CIMLS#1153939
Location
  308 S 2nd St
  Laramie WY 82070
UpdatedJanuary 25th, 2024
TypeOthers
Price$3,100,000
Building15,739 Sq. Ft.

Property Description

Welcome to 308 S. 2nd St., a captivating ±15,000 SF building nestled in the heart of Downtown Laramie, Wyoming. This meticulously restored gem, dating back to 1930, seamlessly combines the allure of its historic roots with modern amenities, making it a prime investment opportunity. Situated in the bustling heart of Downtown Laramie, this property enjoys a central location, drawing locals and visitors alike. Spanning two stories, the building comprises a mix of retail storefront and residential units, offering a diverse range of possibilities for prospective owners. Meticulous restoration efforts have preserved the building's original charm, while modern updates, including a sleek black garage storefront door, enhance its curb appeal, mixed with original light switches, hard wood floors and so much more. The second floor boasts three rental units, each uniquely designed to accommodate varying group sizes (sleeping 4-10 people). These units have proven to be premier hosts on VRBO, ensuring a steady income stream. The retail storefront on the ground floor presents an extensive collection of custom, handcrafted, new, antique, vintage, gifts, and repurposed home furnishings and decor. It has become a local landmark, known across the front range. With both retail and residential components, this property offers an incredible income-generating opportunity. The existing business is also available for sale at an additional cost. Whether you're an investor seeking a lucrative venture or a business enthusiast looking to make a mark in Downtown Laramie, 308 S. 2nd St. is a rare find. Laramie's strategic location places it in close proximity to Cheyenne, Wyoming, Fort Collins, Colorado, and Denver, Colorado. Enjoy the convenience of being within reach of major cities and their diverse offerings. Laramie also is home to the University of Wyoming, with breathtaking views of the Snowy Range Mountain Range! Contact us today at 307-631-0202, to schedule a viewing and explore the endless possibilities that come with owning this iconic property.


Financials