1805 Westland Rd - Hospitality FOR SALE


Cheyenne, WY 82001
$1,750,000 USD
970-402-3582
1805 Westland Rd, Cheyenne, WY for Sale
$1,750,000 USD
Hospitality - FOR SALE
1/24
null | 10.51% Cap Rate

1805 Westland Rd
Cheyenne, WY 82001


HIGHLIGHTS

  • 2- Story Indoor Corridor Independent Hotel
  • 32 motel rooms including one accessible room plus, manager suite
  • Ample parking with carport entry provide extra convenience for the quests
  • PTAC system in each room
  • 3 year Average NOI is $226,800 ( 12.60% CAP).

OVERVIEW

Rare 2-story independent hotel, built in 1985. Absentee owner business for the last four years. 32 motel rooms with tiled entry and hard surface flooring give a clean look, and each room is on a PTAC system and has a ceiling fan. The manager's suite has one bed. one bath, a kitchen, and a living room, and it is conveniently connected to the front desk. A carport and the extra lot for truck parking add value to the property, which is less than three minutes from I-25 and downtown Cheyenne. The City of Cheyenne is a transportation hub where I-25 and I-80 meet. The capital city of Wyoming is the # 1 place for retirement, and a great Western spirit is alive in this charming city. Notably, the hotel is situated near a railway, but trains pass by infrequently and without causing any disturbance to guests. Don't miss this incredible opportunity to own a piece of Cheyenne's thriving hospitality industry!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$138 USD /SF

# OF ROOMS

32

PRICE/ROOM

$54,688 {currency}

CAP RATE

10.51%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

CB

APN/PARCEL ID

1-9240-0004-0006-0

ASK ABOUT THIS PROPERTY

Kim ChoiRE/MAX AllianceMore Info
970-402-3582

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Kim ChoiRE/MAX AllianceMore Info
970-402-3582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.