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Turnkey Restaurant in Charming Downtown 401 W Cedar St 6,890 SF Vacant Retail Building Online Auction Sale Rawlins, WY 82301
Investment Highlights
- Look no further than 401 W Cedar Street, a turnkey former restaurant perfect for investors and owner/users seeking their next opportunity.
- Perched in a charming setting surrounded by retailers such as LA Books & More, Evolution Fitness, and Domino’s Pizza, among many others.
- Prime corner location with excellent visibility on W Cedar Street, which sees lofty vehicle counts per day in this small town of approximately 3,500.
- Situated in the heart of Downtown Rawlins, this property is also close to Interstate 80, a major regional connector.
- Equipped with on-site broad zoning, this property can be transformed based on the new ownership’s vision.
Executive Summary
401 W Cedar Street presents an exceptional opportunity for discerning investors seeking a strategic foothold in Rawlins, Wyoming.
The building, previously operated as a restaurant, is delivered vacant, allowing new ownership to immediately implement their vision. Constructed in 1976 and meticulously maintained over the years, the building embodies the charm and character of historic Rawlins. The property sits on a 0.13-acre lot, maximizing its footprint and providing a fully usable, two-story floor plate.
The property features 3,661 square feet on the main level with an additional 3,360 square foot basement. Its quintessential western façade, featuring a sturdy brick base and vibrant red upper section, offers significant curb appeal. Ample signage on two sides of the building ensures that any new business will benefit from maximum exposure to both foot and vehicle traffic.
With B zoning, investors benefit from remarkable flexibility. This designation is typically reserved for retail boutiques, restaurants, and professional services, granting buyers the ability to tailor the space to suit a wide range of potential uses. Investors can choose to operate their own business as owner/users, capitalizing on the property’s prime location and turnkey status. Alternatively, the space can be leased to tenants, with value-add opportunities to make improvements that command higher market rents.
Positioned in the heart of Downtown Rawlins and close to Interstate 80, a major regional connector, this property offers both convenience and visibility in a bustling, small-town setting. Surrounded by established retailers such as Aspen House Restaurant, Stems and Steam, and Shogunz Pizzeria & Bar, the property is part of a vibrant commercial community, providing a solid foundation for long-term growth and profitability.
401 W Cedar Street is an outstanding investment for those looking to make a meaningful impact in a thriving local market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The building, previously operated as a restaurant, is delivered vacant, allowing new ownership to immediately implement their vision. Constructed in 1976 and meticulously maintained over the years, the building embodies the charm and character of historic Rawlins. The property sits on a 0.13-acre lot, maximizing its footprint and providing a fully usable, two-story floor plate.
The property features 3,661 square feet on the main level with an additional 3,360 square foot basement. Its quintessential western façade, featuring a sturdy brick base and vibrant red upper section, offers significant curb appeal. Ample signage on two sides of the building ensures that any new business will benefit from maximum exposure to both foot and vehicle traffic.
With B zoning, investors benefit from remarkable flexibility. This designation is typically reserved for retail boutiques, restaurants, and professional services, granting buyers the ability to tailor the space to suit a wide range of potential uses. Investors can choose to operate their own business as owner/users, capitalizing on the property’s prime location and turnkey status. Alternatively, the space can be leased to tenants, with value-add opportunities to make improvements that command higher market rents.
Positioned in the heart of Downtown Rawlins and close to Interstate 80, a major regional connector, this property offers both convenience and visibility in a bustling, small-town setting. Surrounded by established retailers such as Aspen House Restaurant, Stems and Steam, and Shogunz Pizzeria & Bar, the property is part of a vibrant commercial community, providing a solid foundation for long-term growth and profitability.
401 W Cedar Street is an outstanding investment for those looking to make a meaningful impact in a thriving local market.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,890 SF
Building Class
C
Year Built
1976
Tenancy
Single
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.13 AC
Parcel Number
R0009351
Zoning
B
Parking
4 Spaces (0.58 Spaces per 1,000 SF Leased)
Amenities
- Signage
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
6,508
9,414
9,414
2020 Population
5,340
7,851
7,851
2029 Population
6,696
9,663
9,663
2024-2029 Projected Population Growth
2.9%
2.6%
2.6%
Daytime Employees
3,491
5,295
5,314
Total Businesses
367
575
577
Average Household Income
$78,398
$85,121
$85,121
Median Household Income
$62,466
$69,909
$69,909
Total Consumer Spending
$85M
$125.8M
$125.8M
Median Age
39.0
38.3
38.3
2024 Households
2,770
3,859
3,859
Percent College Degree or Above
11%
14%
14%
Average Home Value
$193,071
$208,017
$208,017
Nearby Major Retailers
Sale Advisor
Sale Advisor
Brian Brockman, President
Brian is one of a handful of real estate brokers and auctioneers who is licensed in all 50 states and the District of Columbia. Brian has over 15 years in asset management experience and has sold properties for investors, developers, and many local, national, and international financial institutions. Over the last 10 years, Brian has grown his two-person real estate sales team in Cincinnati, OH into a nationally recognized commercial brokerage. Brian is known for finding solutions and repositioning assets to maximize their value while mitigating risk for his clients. Brian has sold a former Fortune 100 corporate campus, hospital, golf course, car wash, churches, and abandoned apartment buildings that many other brokers refused or failed to market effectively. Brian also specializes in the analysis, acquisition, and sale of commercial real estate debt and single-family residential loan pools. Brian has a dual BSBA in Finance and Economics from Xavier University.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 225100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Turnkey Restaurant in Charming Downtown | 401 W Cedar St
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Turnkey Restaurant in Charming Downtown | 401 W Cedar St
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