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Tongue Riverfront Opportunity 100 US-14

2,400 SF Industrial Building Dayton, WY 82836 $449,900 ($187/SF) 9.07% Cap Rate

Investment Highlights

  • Riverfront, large warehouse, flexible use, on Main St and first building at the entrance to town.

Executive Summary

This is prime riverfront property at the entrance to the Town of Dayton, Wyoming that is perfect for hospitality. Wyoming has no state income tax. You can fish and walk over to work or reside and fish right there. While today it is a 2400 sq ft shop and large equipment lot with a small rental cabin, it could be a boutique hotel, campground, commercial strip center, or something entirely new that fits with the neighborhood of Main St shops, services, restaurants, bars, residential & commercial buildings. It sits within a block of the historic Dayton Mercantile. A building added to the National Register of Historic Places in 2016. It is a two-story wood-frame building built as a commercial general store in 1882 by Henry Baker, and enlarged in 1901 by Henry Croghan. A must see for your re-development planning.
Dayton is a tourist haven and the last stop to the Big Horn Mountains for hunting, fishing, snowmobiling, four wheeling, camping and wildlife viewing including moose, deer, pronghorn (antelope), wild turkey, birds, maybe even a black bear or bison. There are lakes and rivers to enjoy with some of the best views of the valley below.
*Rents must be raised to obtain this Cap Rate as existing rents are below the market. 30 day notice is required for tenants to vacate.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $33,000 $13.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $33,000 $13.75
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $33,000
Annual Per SF $13.75
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $33,000
Annual Per SF $13.75
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $449,900
Price Per SF $187
Sale Type Investment or Owner User
Cap Rate 9.07%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Service
  • General Retail Freestanding
  • General Retail Storefront Retail/Office
  • Office Office Residential
Lot Size 1.35 AC
Rentable Building Area 2,400 SF
No. Stories 1
Year Built 1978
Tenancy Single
Parking Ratio 4.17/1,000 SF
Clear Ceiling Height 18 FT

Amenities

  • Waterfront

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

zoning

Zoning Code B-1 (Business District but pretty flexible as long as it fits within the downtown neighborhood. This is on Main St. See the Dayton Planning Committee.)
B-1 (Business District but pretty flexible as long as it fits within the downtown neighborhood. This is on Main St. See the Dayton Planning Committee.)
  • Listing ID: 33586540

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 100 US-14, Dayton, WY 82836

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