Recently renovated property featuring 22 motel rooms in Wyoming's growing capital city. The lower property taxes and the absence of state income tax create a more favorable net for the owner. Situated immediately off the busy Lincolnway, the Ranger Motel provides convenient access to I-25 and I-80. It is within walking distance of Cheyenne's Historic Old Town and its renowned dining establishments, including Railspur, WY Rib & Chop, Papa John’s, Arby’s, and Village Inn, as well as nearby shopping centers, commercial facilities, and museums. The motel's steady revenue history provides a stable foundation and reassurance for both novice investors and retirees. The 2-bedroom manager suite, low-maintenance features, and recent upgrades will facilitate seamless operation. Recent enhancements include a new roof, new gutters, a newer sign, a refreshed parking lot finish, a modernized water heater, updated rooms, and additional improvements. This property is highly recommended for inspection!