1022 W Lincolnway - Hospitality FOR SALE


Cheyenne, WY 82001
$3,200,000 USD
307-686-9500
1022 W Lincolnway, Cheyenne, WY for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

1022 W Lincolnway
Cheyenne, WY 82001


HIGHLIGHTS

  • Great Location

OVERVIEW

The Sands Motel presents an excellent hospitality investment opportunity in Cheyenne, Wyoming, the Capital of Wyoming and a city known as both the Nation’s Rodeo Capital and the Nation’s Railroad Capital. This well positioned 50 room property is your opportunity to acquire a well located, income producing hospitality property in one of Wyoming’s most dynamic markets. Property Highlights: • 50 guestrooms • Courtyard with BBQ and picnic area • Prime location at the crossroads of I-80 and I-25 • Established customer base with repeat traffic from business, leisure, and event-driven demand Cheyenne Market Drivers: Cheyenne is a growing city with a diverse set of economic and cultural demand generators, including: Cheyenne Frontier Days – the world’s largest outdoor rodeo and Western celebration F.E. Warren U.S. Air Force Base – one of the nation’s oldest active military installations Walmart Distribution Center – a major regional employer and logistics hub Nation’s Railroad Capital – a long-standing backbone of the city’s economy World’s Largest Steam Engine – a popular attraction for heritage tourism Curt Gowdy State Park – outdoor recreation just minutes away Terry Bison Ranch – year-round family-friendly tourism draw NCAR–Wyoming Supercomputing Center – world-class research and technology facility New Large AI Data Center Coming With its strong location at the junction of I-80 and I-25, steady regional demand, and proximity to major employers and attractions, the Sands Motel is positioned for continued revenue growth under new ownership.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$159 USD /SF

# OF ROOMS

50

PRICE/ROOM

$64,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sands Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1949

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

Commercial

APN/PARCEL ID

1-1001-0398-0001-0

ASK ABOUT THIS PROPERTY

Pat GreenHCBRE, LLCMore Info
307-686-9500

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

Pat GreenHCBRE, LLCMore Info
307-686-9500

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