960 N 3rd St - Hospitality FOR SALE


Laramie, WY 82072- Downtown Laramie
$1,500,000 USD
307-742-2070
960 N 3rd St, Laramie, WY for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

960 N 3rd St
Laramie, WY 82072
Downtown Laramie


HIGHLIGHTS

  • 100% occupancy over the past year

OVERVIEW

The Gas Lite is a turnkey 30-room motel on a prime 35,118 sq. ft. lot zoned B-2 for business. High visibility location right off the main drag, with ample parking and solid month-to-month occupancy. Low overhead and reliable cash flow. Each room comes furnished with a bed, hutch, mini-fridge, and microwave. The Gas lite has that timeless log-cabin Wyoming charm that keeps guests coming back from near and far. Many rooms have already had a major refresh: new paint, carpet, fixtures, and appliances. Endless potential whether you keep it running as is or take advantage of the prime location with your own project.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$46 USD /SF

# OF ROOMS

30

PRICE/ROOM

$50,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gas Lite Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

COM

APN/PARCEL ID

05-1673-28-3-92-001.00

ASK ABOUT THIS PROPERTY

Quade RomsaDuane Toro Real EstateMore Info
307-742-2070

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Quade RomsaDuane Toro Real EstateMore Info
307-742-2070

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