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Teton Building 1803-1807 Capitol Ave 24,982 SF 100% Leased Office Building Cheyenne, WY 82001 $2,100,000 ($84.06/SF)
Executive Summary
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 with only ±3,302 SF of remaining vacancy, 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
24,982 SF
Building Class
B
Year Built
1928
Price
$2,100,000
Price Per SF
$84.06
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,327 SF
Building FAR
2.00
Lot Size
0.29 AC
Zoning
CBD
Parking
48 Spaces (1.92 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-1001-0327-0005-0 | Improvements Assessment | $266,773 |
| Land Assessment | $11,910 | Total Assessment | $278,683 |
Property Taxes
Parcel Number
1-1001-0327-0005-0
Land Assessment
$11,910
Improvements Assessment
$266,773
Total Assessment
$278,683
Contacts
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Rob Graham -
Bailey Wheeler -
Jenna Tibbs -
Ben Trautwein -
Coldwell Banker - The Property Exchange, Inc.
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Teton Building | 1803-1807 Capitol Ave
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