This historic Jackson Hole building, formerly known as The Roundup, was sold on February 11, and the new owner has wasted no time renovating the building. The interior has been completely gutted, and with a lucky break in the weather, the roof was completely torn off yesterday. Everyone hopes the clear weather holds, since the new roof trusses don't arrive til next week. If not, they'll be shoveling snow off of those hardwood floors!
Tenant interest in the building has been strong, no doubt spurred on by two front page newspaper articles discussing the sale and renovation. This has been a single tenant building all of its life, but is being remodeled with six leaseable bays. In the first two weeks of listing the building for lease, we had offers for five of those bays, and we now have two offers for the last unit. It sure is nice to see that much demand and optimism from retailers!
The owner plans to have the building back open for business by May 15, in time for Memorial Day weekend, which is the traditional kick off day for the summer tourist season here in Jackson, southern gateway to Yellowstone National Park.
Here are a few pictures I took of the building today.
For further information, or to learn about the Jackson Hole commercial real estate market, please contact:
Tim Bradley
Owner/Broker
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400
www.contourproperties.com
Tim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.
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