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Heart Lander Main & South 6th

605 Main St : Lander, WY 82520

Fremont County, Wyoming

0.17 Acre
$649,000 USD
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Property Description

Incredibly maintained and excellent condition commercial investment property in the heart of Lander's Main St. This newer 1981 construction spacious, bright and completely updated property features 4,716 sq. ft. of finished space, four separate retail or office suites with private access and frontage, ample off street parking for all units, and excellent Main St. and S. 6th St. frontage and exposure on a highly visible 7,500 sq. ft. corner lot.LandThis property is situated on a highly visible 7,500 sq. ft. corner lot on Lander's bustling Main St. and South 6th St. The property features alley access on the back and ample 12+ paved, off-street parking spaces for tenants and patrons along S. 6th St.

ImprovementsInside, the units feature great natural light, tall ceilings, large windows throughout, new flooring, paint and fixtures in all units, updated Hvac systems, and versatile spaces to adapt to virtually any tenant or use. The exterior features masonry construction, alley access, and freshly updated metal canopy awnings and lighting. Currently three of the four spaces are leased with stable tenants and businesses, including Dandelion Floral, Wind River ReWind Gear Exchange, and Wind River Vape. The second space in from the front is currently available for new tenants or a new owner's use eeds. Historical NOI averages approximately $45,000 per year.

Excellent commercial investment opportunity and value in the hot Lander market with very little maintenance or repairs required. Don't miss your chance to invest in this sound and reliable commercial property.

RecreationWorld class recreation opportunities abound in the Lander Valley and surrounding Wind River Mountain Range. Hunting, fishing, backpacking, horseback riding, rock climbing, mountain and road biking, backcountry skiing, ATV riding and many other outdoor recreation opportunities await you in this friendly and laid back mountain town.

General OperationsHistorical NOI is approximately $45,000/Year. Current rental income is $1,100/Month for Dandelion Floral, $900/Month for Wind River ReWind Gear Exchange, and $1,200/Month for Wind River Vape, totaling $3,200.00 per month in rental income currently. The one available and vacant space is asking $850/Month. Tenants pay all utilities.

Region & ClimateLander, Wyoming is quickly becoming one of the most charming and up small towns in the West, and for good reason. Excellent restaurants, bars, breweries, shops, art, and entertainment opportunities, including multiple seasonal outdoor concerts and festivals, are all part of what make Lander so enviable and enjoyable for all who live, work and play here.

Commercial air service is an easy 30 minute drive away in nearby Riverton, Wyoming, and world class downhill skiing and luxury resorts can be found in Jackson Hole, Wyoming and Park City, Utah, which are less than three and four hours away by vehicle, respectively.

On average, there are 239 sunny days per year in Lander and it is one of the least windy towns in the state.

LocationLander, Wyoming is located in the central part of the state along the Middle Fork of the Popo Agie River and just south of the Wind River Indian Reservation at the base of the Wind River Mountain range. Sitting at a high desert elevation of 5,358 ft. above sea level, Lander is known for its Sinks Canyon State Park, the Wind River Mountains, nearby Red Canyon, various outdoor recreation sports and activities, its wild and lively Fourth of July celebration and parade every year, and numerous summer events and festivals, including The International Climber's Festival, Lander Brew Festival, Lander Presents concert and events series, Fremont Area Road Tour, the Pioneer Days Rodeo, and the Annual One Shot Antelope Hunt, just to name a few.

Lander has a population of 7,551 and is the County Seat of Fremont County, Wyoming. Lander is home to the Wyoming Catholic College and the National Outdoor Leadership School Nols.

More Property Details

MLS / Internal / Other ID
18 Days Ago
Last Updated
4 Days Ago
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