$1 Auction -REIT Sale | Former Family Dollar 520 Pine Ave

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Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 520 Pine Avenue in Kemmerer, Wyoming 83101 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount. FIRST BID MEETS RESERVE!

Built in 2013, the Property consists of a one-story, free-standing retail building containing ±8,090 gross square feet, with 27 surface parking spaces on a ±0.643-acre parcel (±28,000 SF). Strategically located on a hard corner, the site is easily accessible via one ingress/egress curb cut located along Pine Avenue and offers a pylon sign and 200’ of frontage along the northeast corner of Pine Avenue (±3,819 VPD) and 140’ along Pearl Street. The Property was previously occupied by Family Dollar on a NNN lease and offers potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated rents of $10-12 NNN/Retail). Zoned CH, Commercial Highway, this zoning offers favorable flexible zoning allowing for a variety of uses.

The Property is located in Kemmerer, Wyoming, the county seat of Lincoln County, at the heart of Wyoming’s high desert region. Lincoln County offers seamless access to larger urban centers while preserving its rural charm. Its scenic beauty, affordability, and strong community ties provide an exceptional quality of life for residents and a compelling environment for businesses and investors. The Property is located just a ½-mile from Hwy-189 (±4,314 VPD) and well-connected regionally, located ±45-mi from Evanston, ±95-mi from Rock Springs, and within 2-hrs of Salt Lake City and Ogden, Utah, ensuring access to larger urban amenities. Its proximity to Hwy-30 provides direct routes to I-80 (±30-mi S), supporting regional and interstate transportation. Key demand drivers nearby include South Lincoln Medical Center, just ±0.5-mi away, a Critical Access Hospital with 16 beds, offering 24-hour emergency care, surgeries, and medical services. Additionally, the J.C. Penney Historic District, ±0.3-mi from the Property, includes the original J.C. Penney store and family home, drawing visitors and enhancing the area’s cultural and economic vitality. Kemmerer is also poised for growth with the TerraPower Natrium™ reactor, located ±3-mi from the Property, bringing ±1,600 construction jobs and ±250 permanent positions, driving demand for retail, housing, and services while boosting the regional economy. The Property is located in a trade area serving ±3,195 people with an average household income of ±$83,160 within a 3-mile radius, making it well-positioned to capitalize on the growing opportunities in this evolving market.