2811 Big Horn Ave, Cody, Wyoming

MLS ID: 10031014

Status: Active

Price: $549,000

Acres: 0.47±

Address: 2811 Big Horn Ave

City, State: Cody, WY

County: Park County

ZIP Code: 82414

Lat/Long: 44.533893, -109.036393

Description

This prime commercial property, located on Cody's bustling Big Horn Avenue, offers a versatile 6,625-square-foot space suitable for various business ventures. The building includes dedicated office areas and is ideal for retail, manufacturing, or storage applications. Previously affected by a fire, the property is currently available "as is." However, the seller offers to restore the building, setting the sale price at $849,000, which equates to approximately $128.15 per square foot. Situated on one of Cody's most trafficked thoroughfares, this property ensures high visibility and accessibility. The area is recognized for its commercial vitality, making it a sought-after location for businesses aiming to capitalize on local and tourist traffic. Notably, the property is located within a federally designated Opportunity Zone, presenting potential tax incentives for investors. Opportunity Zones are designed to spur economic development and job creation in distressed communities by providing tax benefits to investors. Investing in this property could offer advantages such as deferral of capital gains taxes and potential exclusions on future gains, subject to specific conditions and holding periods. For detailed information on these benefits, prospective buyers should consult with a financial advisor or refer to resources provided by the Wyoming Business Council. Cody, Wyoming, serves as a gateway to Yellowstone National Park and is renowned for its rich cultural heritage.

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Listed By: John Parsons of Re/max Elevation