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    1701 Central Ave Cody, WY 82414

    For Sale
    $2,900,000

    Hotel/Motel - Cody, WY

    Lot size:
    0.48 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1701 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.48 Acres

    Building Details

    Year built
    1968
    Architectural style
    Other

    REV Real Estate (307) 272-9019 [email protected]

    Listing agent Erynne Selk (307) 586-2950

    Listing date Sep 29, 2025

    MLS# 10031722 Listing URL

    Copyright © 2025 Northwest Wyoming Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Motel Near Yellowstone Park

    The Carter Mountain Motel, located in Cody, Wyoming, is an established and updated hospitality property situated one hour from the East Gate of Yellowstone National Park. The motel, known for its visibility along the main traffic route from the airport, has been family-owned for 75 years. The property features 25 rooms, one duplex, and one house, totaling 50 beds and 29 bathrooms. Recent updates include remodeled bathrooms, new flooring, new paint, and new windows. The 0.48-acre property offers a turnkey lodging and hospitality business opportunity near Yellowstone National Park, which welcomes over four million visitors annually. The motel is known for its vibrant red flowered hanging baskets. This commercial property is positioned for taking bookings for the 2026 season.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carter Mountain Motel Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rodeway Inn, Cody Legacy Inn & Suites, Beartooth Inn, Green Gables Inn, Skyline Motor Inn

    Location Insight

    • Map
    • Local Demand
    City
    Cody
    County
    Park
    State
    Wyoming
    Longitude
    -109.05374
    Latitude
    44.520312

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    FAQs

    What type of property is this?
    Motel - Well-maintained 25-room motel in Cody, Wyoming, near Yellowstone.
    Where is this motel located?
    The property is located at 1701 Central Ave Cody, WY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Prime location on the main traffic route in Cody, Wyoming, near Yellowstone National Park's East Gate.; - Turnkey lodging and hospitality business ready for immediate operation.; - Established and reputable business with 75 years of family ownership and a widely recognized name.
    (307) 586-2950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1701 Central Ave Cody, WY 82414
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