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.