Lot 2 Block 1 N College Dr
Commercial Land of Busy Cheyenne Corridor | 0.95 acres
Marketing description
Seize this rare chance to acquire a versatile 0.95-acre commercial lot ideally situated on North College Drive in the heart of Cheyenne. Zoned MUR (Mixed-Use Residential), this parcel offers exceptional flexibility for developers and investors seeking high-density residential projects or adaptive commercial ventures.
This lot represents a blank canvas in a growing market with strong demand for both housing and commercial space. Whether you're building workforce housing, senior living, or pursuing a retail pivot, the location and zoning make it a low-risk, high-reward investment.
Seller shall install curb and gutter at seller's expense with acceptable offer.
Seller may carry at 5.5% interest rate, 5 year balloon potentially renewable upon mutal agreement.
Investment highlights
Zoning & Uses: Currently zoned MUR, perfectly suited for multifamily housing such as apartments, townhomes, or condominiums. A zone change to retail/commercial is highly feasible and likely to receive city approval, unlocking opportunities for retail strips, office spaces, or mixed-use developments.
High-Visibility Location: Positioned on one of Cheyenne's busiest corridors with daily traffic counts exceeding 21,000 vehicles – ensuring maximum exposure for any retail or residential project.
Utilities in Place: A city water line runs directly through the property, streamlining infrastructure costs and accelerating development timelines. Sewer, electricity, and other utilities are readily accessible nearby.
Site Advantages: Level topography, excellent frontage on N College Dr, and proximity to major amenities including shopping, dining, schools, and I-25/I-80 interchanges. Just minutes from downtown Cheyenne and the Wyoming State Capitol. Seller carry at below market rate available.
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