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Here's How You Can Buy a Small Town (Correct)

Updated to correct that Buford is in Wyoming, not Montana.

NEW YORK ( MainStreet) -- Investing in stocks and bonds is chicken feed compared with the newest rage: investing in your own small town.

That's the idea behind an auction to buy a Wyoming town with its own trading post, wireless tower and main street.
A tiny Wyoming town with its own trading post, wireless tower and main street goes up for auction April 5.

Billed as the "Nation's Smallest Town," Buford, Wyo., is on the auction block for April 5. The hope among the town's principal owner -- and sole resident -- is that a buyer will show up and buy Buford, lock, stock and barrel.

According to a "buyer's list," the town is small in stature but large in amenities, once you get your arms around the idea you're buying an entire town out West.

Here's a look at what the winning auction bidder gets for "buying" Buford:
  • The Buford Trading post, an income-producing convenience and fuel store.
  • U.S, Postal Office boxes and a Union Wireless cellular tower with lease (also income-producing).
  • Five buildings, including a three-bedroom home, a 1905 schoolhouse (used as an office), a garage and a 1900s cabin (used as a tool shed).
  • Approximately 10 acres.
  • A parking area previously used by an overnight shipping company for nighttime trailer switches.
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