403 S Greeley Hwy - Hospitality FOR SALE


Cheyenne, WY 82007
$3,995,000 USD
307-633-6300
403 S Greeley Hwy, Cheyenne, WY for Sale
$3,995,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

403 S Greeley Hwy
Cheyenne, WY 82007


HIGHLIGHTS

  • The property includes 37 motel units across multiple buildings and cabins.
  • Direct access is available from South Greeley Highway and Jefferson Road.
  • The site contains approximately 4.02 acres of land.
  • Existing hospitality use provides immediate operational functionality.
  • Highway frontage offers visibility within an established commercial corridor.
  • Multiple building configurations support operational flexibility.

OVERVIEW

403 S Greeley Hwy presents an opportunity to acquire an established hospitality property along one of Cheyenne's primary commercial corridors. The property includes a 37-unit motel with multiple buildings and cabins situated on approximately 4.02 acres, providing a layout that supports a variety of lodging configurations and operational strategies. Direct access from both South Greeley Highway and Jefferson Road enhances visibility and accessibility for travelers, workforce lodging users, and extended-stay guests. The property's location on the south side of Cheyenne offers convenient connectivity to regional transportation routes serving the city and the broader Front Range market. Cheyenne continues to benefit from its role as Wyoming's capital city, with demand generated by government, transportation, energy, military, and logistics-related activity. The site's highway frontage places it within an established commercial environment that supports hospitality and traveler-oriented businesses. The existing improvements create an opportunity for continued motel operations, repositioning, renovation, or redevelopment subject to buyer due diligence and local approvals. Multiple buildings and cabin-style accommodations provide operational flexibility that is uncommon in many traditional lodging assets. The combination of a sizeable land area, established hospitality use, and frontage along South Greeley Highway contributes to the property's visibility and long-term utility. For investors seeking an operating hospitality asset or a property with future redevelopment potential, 403 S Greeley Hwy offers a well-located site within Wyoming's largest metropolitan area and a corridor that serves both local and regional traffic.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

37

PRICE/ROOM

$107,973 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Round Up Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

CB

APN/PARCEL ID

1-1079-0013-0006-0

ASK ABOUT THIS PROPERTY

George Costopoulos#1 Properties CommercialMore Info
307-633-6300

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

George Costopoulos#1 Properties CommercialMore Info
307-633-6300

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