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1457 Coffeen
Sheridan, WY 82801

Holly Reimagined · Industrial Property For Sale

Investment Highlights

  • One of the largest square foot facilities in the City of Sheridan available for a multi-use re-development.
  • Top floors provide amazing views of the Big Horn Mountains
  • Centrally located along one of Sheridan's business traffic corridors.

Executive Summary

The City of Sheridan continues to grow and diversify its economy. With this growth comes more creative mixed use development opportunity and the most economical way to achieve larger scale development is ''infill development''. This building was home to The Holly Sugar Factory building. The ''Sheridan Enterprise'' newspaper in 1915 regularly posted updates and announcements about the steel workers from Holly. This historic building provides over 100,000 SF of opportunity for any mix of uses. With an industrial structural frame, massive power supply and wide-open spaces, this centrally located campus can provide any investor with a blank slate opportunity. The opportunities are endless for this prime real estate campus.
This property provides immediate income with the current tenants which provides any investor with the opportunity to develop and lease the upper floors for a tremendous income property. The current NOI would support a 25% cash to debt ratio with typical financing.

PROPERTY FACTS

Sale Type Investment or Owner User
Net Initial Yield 8.13%
Sale Conditions
Tenants option to buy property
  • Development Sale
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class B
Lot Size 2.45 AC
Rentable Building Area 101,000 SF
Number of Floors 5
Year Built 1915

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-5684-35-4-00-054-33
Land Assessment
£47,091
Improvements Assessment
£281,967
Total Assessment
£329,058

zoning

Zoning Code M1 (Industrial Zoning, centrally located in the heart of Sheridan. Perfect zoning to support a multi-use facility.)
M1 (Industrial Zoning, centrally located in the heart of Sheridan. Perfect zoning to support a multi-use facility.)
  • Listing ID: 27786698

  • Date on Market: 18/02/2023

  • Last Updated:

  • Address: 1457 Coffeen, Sheridan, WY 82801

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