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603 E College Dr 4.91 Acres of Commercial Land Offered at $2,245,740 in Cheyenne, WY 82007

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Investment Highlights

  • ~High Growth area for business and housing
  • ~Priced far below neighboring land sales
  • ~ Stones throw from booming business district and
  • ~Traffic Count: Daily average 12,800(2024)
  • ~ Less than 2.5 miles from highway access.

Executive Summary

This 4.91-acre property is situated along one of Cheyenne's primary east-west arteries, just minutes from the business district and highway access. It lies 1.5 miles from Interstate 80 and 3 miles from Interstate 25, with easy access to Laramie County Community College and a 10-minute drive to Safeway grocery.
The land has been recently zoned for mixed-use, offering versatile development opportunities such as retail, multi-unit residential, and more. The property includes an occupied brick home, presenting a possible owner/user live/work opportunity, currently with two access points off East College Drive.
Priced below neighboring land sales, this offering presents an attractive investment opportunity. Contact the listing agent to schedule a tour.

Property Facts

Price $2,245,740
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Mixed Use
  • Apartment Units
  • Hotel
Total Lot Size 4.91 AC
Zoning MU - Mixed use, recently updated

1 Lot Available

Lot 1

Price $2,245,740
Price Per AC $457,380.86
Lot Size 4.91 AC

~High Growth area for business & housing ~Proximity to 2 major interstates makes for a Strategic Investment or development opportunity ~Priced below recent sale ~344 ft. of Frontage-2 access points ~Recently Zoned MU- Mixed Use ~Traffic Count: 12,800

Description

Prime Real Estate (4.9 acres) ready for redevelopment. New retail popping up quickly. Get in at the best land rate in town. Cheyenne has added Microsoft, Servers, Data Centers. Wyoming is extremely business friendly with tax credits, no income tax, and more. Bring in new ideas, copy another, just run to this property to get started. Current nice home on property would make a great office. All utilites available

Property Taxes

Property Taxes

Parcel Number
1-9165-0006-0000-0
Land Assessment
$2,793
Improvements Assessment
$9,437
Total Assessment
$12,230
  • Listing ID: 35324557

  • Date on Market: 3/31/2025

  • Last Updated:

  • Address: 603 E College Dr, Cheyenne, WY 82007

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