1904 E Cedar St - Hospitality FOR SALE


Rawlins, WY 82301
$925,000 USD
801-884-8816
1904 E Cedar St, Rawlins, WY for Sale
$925,000 USD
Hospitality - FOR SALE
1/42
null | Request Cap Rate

1904 E Cedar St
Rawlins, WY 82301


HIGHLIGHTS

  • Positioned directly along the I-80 Business Corridor, a major east-west interstate serving long-haul and regional travelers.
  • The Rawlins area has experienced rapid population expansion, with 20%+ growth since 2020 within a 1-3 mile radius.
  • Part of the Economy/Midscale hospitality segment, historically resilient to market fluctuations.
  • Recorded owner is N 9 of Rawlins, with true ownership under Leroy Williams of Gillette, WY.
  • Rated 39 - Car Dependent, emphasizing reliance on highway access for guests.

OVERVIEW

Listed by Michele Realty Inc., The 1st Choice Inn is a 48-room, two-story franchised economy hotel operating under the National 9 brand. Built in 1980, the property sits on a 2.61-acre site (113,692 SF) with C-1 commercial zoning and a FAR of 0.18. Strategically positioned along the I-80 Corridor, the hotel benefits from strong interstate traffic and visibility. Amenities include high speed internet, public WiFi, and surface parking for 49 vehicles (1.02 per room). The property's central location in Rawlins provides access to local services, regional demand drivers, and consistent transient traffic from I-80.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$46 USD /SF

# OF ROOMS

48

PRICE/ROOM

$19,271 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1st Choice Inn - 1904 East Cedar Street

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

49

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

C-1

APN/PARCEL ID

R0007307

ASK ABOUT THIS PROPERTY

Sheri OsborneApex Commercial - Michele Realty, Inc.More Info
801-884-8816

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Sheri OsborneApex Commercial - Michele Realty, Inc.More Info
801-884-8816

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