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502 S Main St 28,985 SF Retail Building Rock Springs, WY 82901 $500,000 ($17.25/SF)
Investment Highlights
- Mixed Use redevelopment opportunity.
- Concept plans and projections put this at a rate of return of up to 10%.
- Space for multifamily, restaurant/retail and storage.
Executive Summary
***Price Reduced.***
This property presents an incredible redevelopment opportunity for a savvy investor looking to maximize value. The building holds a unique charm and character of a historic landmark that can be preserved while transforming it into a highly desirable asset.
The current owner was unable to complete renovations, leaving the next owner with a prime chance to bring their vision to life. The two upper floors offer an excellent layout for a multifamily conversion, creating much-needed housing while taking advantage of the property’s existing framework.
The main floor provides a spacious area well-suited for a food court or restaurant retail/traditional retail to add various tenant and leasing opportunities.
The basement level is ideal for a storage unit development, offering practical and in-demand utility space.
Sale includes a .04 AC parcel next door. City has extra land available for off-street parking. See offering memorandum for more information.
This property presents an incredible redevelopment opportunity for a savvy investor looking to maximize value. The building holds a unique charm and character of a historic landmark that can be preserved while transforming it into a highly desirable asset.
The current owner was unable to complete renovations, leaving the next owner with a prime chance to bring their vision to life. The two upper floors offer an excellent layout for a multifamily conversion, creating much-needed housing while taking advantage of the property’s existing framework.
The main floor provides a spacious area well-suited for a food court or restaurant retail/traditional retail to add various tenant and leasing opportunities.
The basement level is ideal for a storage unit development, offering practical and in-demand utility space.
Sale includes a .04 AC parcel next door. City has extra land available for off-street parking. See offering memorandum for more information.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
28,985 SF
Building Class
C
Year Built/Renovated
1938/2026
Price
$500,000
Price Per SF
$17.25
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.86
Lot Size
0.17 AC
Zoning
B3 - Commercial Business
Amenities
- Food Court
- Restaurant
- Air Conditioning
Walk Score®
Very Walkable (78)
Nearby Major Retailers
1 of 43
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502 S Main St
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