4320 Ridge Rd

Description

Investment/Development Opportunity! 1.02 Acres with 162 feet of frontage on Ridge Road with plenty of exposure to the east side of the lot near the Dell Range intersection, a major hub in Cheyenne for various commercial enterprises. The west boundary runs along Darnell Place, lending a residential aspect to a future developer. Currently, the property features a spacious three bedroom, two bath, manufactured home attached to the property in 2002. The property has great rental history and could be returned to that use with renovation to the south exterior wall. No apparent interior damage due to the fire, but the unit is no longer connected by electrical and will not be until demolition is completed and electrical work begins. Since all units are attached, when unit 2 is ripped away by demolition, it will reveal the southern outer wall for unit three which will need to be renovated. The shop could be used as an oversized 2-car garage, serving the residence, or could be used as a mechanic shop as it had been in the past with some repairs due to the fire. The center units were completely destroyed in the fire and will need full demolition. The seller has stated that the center units will continue to undergo demolition and costs incurred will result in periodic price increases. Currently, the property is on a well & septic system all in working order, though the water well currently does not have power. The well water tests high for nitrates and the seller installed a Reverse Osmosis system in the residence to mitigate the issue. The property currently has portions in the FEMA 100 year and 500 year flood plain. Current zoning is MR. Buyers are highly encouraged to engage proper due diligence before submitting an offer. The center units continue to be in demolition process, and all prospective buyers and buyers agents accept all risk of injury involved in viewing the property and are instructed to keep out of that area due to safety concerns. Property is offered in As Is, Where Is condition.