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Executive Summary

Introducing an exceptional investment opportunity at 1900 Converse Ave in Cheyenne, Wyoming! This prime commercial property boasts over 7,200 square feet of well-maintained space and is strategically located with high visibility near the VA Hospital, attracting over 17,000 vehicles daily. The building currently houses two long-term tenants generating a robust annual rental income exceeding $144K under NNN leases. One tenant is secured with a 5-year lease while the other enjoys a longer commitment of 10 years— providing stability and peace of mind for any investor. Key features include: - A large parking lot accommodating over 37 vehicles - Major electrical power service infrastructure to support diverse business needs - A new rooftop unit ensuring efficient climate control. This listing presents a unique chance to acquire a substantial commercial asset with established tenants already in place. The building is offered for sale as-is, providing an excellent foundation for future growth in a desirable location. Don’t miss out on this remarkable investment opportunity!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,856 SF
Building Class
C
Year Built
1995
Price
$1,999,900
Price Per SF
$254.57
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.94 AC
Zoning
COMM BUSN
Parking
25 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
270’ on 19th St

Amenities

  • Pylon Sign
  • Signage
Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
60/100

Nearby Major Retailers

Mayweather Boxing & Fitness
Safeway
Bank of Montreal
The Human Bean
First National Bank of Omaha
Jazzercise
Gold's Gym
CrossFit
Texas Roadhouse
Sunbelt Rentals

Property Taxes

Property Taxes

Parcel Number
1-7888-0001-0001-2
Land Assessment
$13,094
Improvements Assessment
$67,276
Total Assessment
$80,370
  • Listing ID: 40163921

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 1900 Converse Ave, Cheyenne, WY 82001

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