1806 Cedar St Rawlins, WY 82301-6016

This Wyoming hotel presents a compelling redevelopment opportunity. The 32-key, 11,800 square foot property sits on a 1.08-acre lot at 1806 E Cedar St, Rawlins, WY 82301. Built in 1970, this two-story building offers significant potential for investors seeking a high-return project. The property boasts a strong NOI of $130,619, translating to a 14.93% cap rate and a price per key of $27,343.75. The asking price is $875,000, or $74.15 per square foot. Its prime location near the interstate provides exceptional access for travelers, enhancing its appeal as a hospitality investment. The property's rustic charm, combined with Rawlins' quaint atmosphere, creates a unique and attractive offering. The property is currently under contract, but backup offers are being accepted. This is a rare chance to acquire a well-positioned hotel in a growing market. The property features a single building and is not subject to a ground lease. Further details are available upon request.