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308 S 2nd St
Laramie, WY 82070
The Bent & Rusty · Retail Property For Sale
Investment Highlights
- Thriving Downtown Laramie, WY
- Long Term/VRBO Rentals
Executive Summary
Welcome to 308 S. 2nd St., a ±15,000 SF landmark property in the heart of Downtown Laramie. Originally constructed in 1930 and thoughtfully restored, this asset blends historic character with modern functionality, creating a rare investment opportunity in one of Wyoming’s most vibrant downtown corridors. Positioned in a highly walkable, high-traffic location, the property benefits from consistent exposure to both locals and visitors. The two-story layout features a dynamic mix of retail and residential uses. The ground floor is anchored by a well-established retail storefront known throughout the region for its curated selection of custom, handcrafted, antique, and vintage goods—making it a true destination within the market. Upstairs, the property includes three residential units that have transitioned from short-term VRBO rentals to long-term leases, providing stable, consistent income with reduced management intensity. This structure offers investors the best of both worlds: dependable cash flow today, with the flexibility to revert back to short-term rentals in the future for potentially higher revenue. Extensive renovations have preserved the building’s original charm—highlighted by hardwood floors, vintage fixtures, and historic details—while incorporating modern upgrades such as an updated storefront and improved systems. The result is a turnkey asset with both aesthetic appeal and operational versatility. With a balanced income stream, strong location fundamentals, and optionality in its residential strategy, 308 S. 2nd St. presents a compelling opportunity for investors or owner-users looking to establish a presence in Downtown Laramie. Conveniently located near Cheyenne, Fort Collins, and Denver, and just minutes from University of Wyoming, the property benefits from regional connectivity and a strong local economic driver. This is a rare chance to acquire an iconic downtown asset with both immediate income and long-term upside. Contact us today at 307-631-0202 to schedule a private tour and explore the opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,000 SF
Building Class
C
Year Built
1930
Price
$2,400,000
Price Per SF
$150
Cap Rate
6.29%
NOI
$151,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.45
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
DC - Downtown Commercial
Frontage
50’ on South 2nd Street
Amenities
- Fireplace
- Signage
- Skylights
- Roof Terrace
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 05-1673-33-3-18-003.00 | Improvements Assessment | $95,936 |
| Land Assessment | $8,521 | Total Assessment | $104,457 |
Property Taxes
Parcel Number
05-1673-33-3-18-003.00
Land Assessment
$8,521
Improvements Assessment
$95,936
Total Assessment
$104,457
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