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29586515
29586539

1121 Old Town Ln, Cheyenne, WY 82009

JC
CO CO 100101170
Waypoint Real Estate
DK
EA100042752
Waypoint Real Estate
Listed by Waypoint Real Estate
$2,130,000
142 days on market
Updated 10 days ago

1121 Old Town Ln | Cheyenne

Details
APN 1-9121-0002-0028-0
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 6,857
Units 1
Cap Rate 6.50%
NOI $138,335
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $311
Class A
Year Built 2007
Buildings 1
Acreage 0.190
Zoning PUD
Investment Type Stabilized
Ownership Private

Retail Storefront for Sale | 6,857 SF

Marketing description

Waypoint Real Estate is pleased to present 1121 Old Town Lane, a 6,857 SF retail investment property located in Cheyenne, Wyoming. The freestanding retail building is configured with two distinct tenant spaces, featuring salon users on one side and a gym facility on the other, providing a diversified tenant mix within one cohesive structure.

The gym portion of the building includes an expansive open workout area, private rooms, and shared bathrooms. The salon side offers functional, build-out space designed for personal service uses, making the property well-suited for neighborhood-serving retail tenants.

Strategically positioned near the intersection of Storey Boulevard and Powderhouse Road, the property benefits from strong local exposure with approximately 7,164 vehicles per day on Powderhouse Road. The surrounding area is supported by established residential neighborhoods and complementary commercial uses, enhancing long-term tenant demand.

Investment highlights

Sale Price: $2,400,000

Acres: 0.19

Address: 1121 Old Town Ln | Cheyenne, WY 82009

Zoned: PUD

Total SF: 6,857 SF

VPD: Approx. 7,164 on Powderhouse Road (Source: CoStar, 2025)

Electric: Black Hills Electric

Water: Board of Public Utilities

Strategic Location Near: Storey Blvd. & Powderhouse Rd.

Parcel: 14661913202800

Listing Contacts

JC
CO CO 100101170
Waypoint Real Estate
DK
EA100042752
Waypoint Real Estate
Listed by Waypoint Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$138,335.00
$11,527.92/mo

Valuation Metrics

0
DSCR
6.49%
Cap Rate
6.49%
ROI

Map

Zoning

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PUD PlannedPlanned Unit Development
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Last updated Mar 13, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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