850 BroadwayJackson, WY 83001

For Sale
$15,000,000

15,000 SF, High-Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 850 W Broadway Avenue in Jackson, Wyoming, presents a compelling value-add investment opportunity. The 15,089 square foot building, constructed in 1974 and renovated in 2016, sits on a 0.84-acre lot and is currently 100% occupied by three tenants. The property boasts a strong current NOI of $362,400, representing a 2.42% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $701,305 and a 4.68% cap rate, indicating substantial upside potential. The asking price is $15,000,000, translating to $994.10 per square foot. Situated just a mile from Jackson Hole's Town Square, this one-story building benefits from high visibility and significant foot traffic due to its prime location near banks, hotels, restaurants, and shopping. The flexible floor plan is well-suited for a variety of commercial uses, including retail, office, or restaurant space. The property is zoned Commercial Residential 3, offering versatility for future development. This asset offers a unique chance to capitalize on the thriving Jackson Hole market, known for its high average per capita income and substantial annual tourism revenue. The property's strong current performance and significant pro-forma growth projections make it an attractive investment for discerning buyers seeking a high-return opportunity in a desirable location. The APN is 22-41-16-33-2-00-006.

Highlights

  • $15,000,000 asking price for a mixed-use property in Jackson, Wyoming.
  • 15,089 square feet on a 0.84-acre lot, with a price per square foot of $994.10.
  • Currently 100% occupied by three tenants, generating a current NOI of $362,400 and a 2.42% cap rate.
  • Pro-forma NOI of $701,305 and a pro-forma cap rate of 4.68%.
  • Class B building constructed in 1974 and renovated in 2016, featuring one story and Commercial Residential 3 zoning.

Property Details for 850 Broadway

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
15,089 SF
Class
B
Year Built/Renovated
1974/2016
Stories
1
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Jackson
County
Teton
State
Wyoming
Latitude
43.4734402
Longitude
-110.7813152
850 Broadway, Jackson, Wyoming

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850 Broadway
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