75 Ctr St Rock Springs, WY 82901-5121

Property Details for 75 Ctr St

Year built

1945

Lot size

0.82 lot acres

Property size

4,000 SF

Property type

Motels

APN

1905-35-2-01-010-00

APU

19053520101000

Description

This fee-simple hotel property in Rock Springs, Wyoming, presents a compelling investment opportunity. The Cody Motel boasts 39 units, ranging from one to three bedrooms, with select units featuring kitchenettes. Two additional rental houses, one a 2-bedroom, 1-bathroom (680 sq ft) and the other a 2-bedroom, 1.5-bathroom (1291 sq ft), provide supplemental income streams. A manager's unit, offering 2 bedrooms and 2.5 bathrooms, is also included. Guest amenities include on-site laundry facilities with vending machines and modern conveniences such as cable TV, flat-screen TVs, microwaves, refrigerators, Wi-Fi, and 24-hour automated phones. The property features excellent street visibility and frontage, ensuring easy access for guests. The motel sits on a 35,816 sq ft lot and comprises ten single-story buildings with a total square footage of approximately 12,000 sq ft (individual building sizes vary). The property benefits from a new roof (installed 5+ years ago), asphalt resealing (2020), and stucco (installed 17+ years ago). Its central location in Rock Springs' business district offers proximity to eateries, schools, and tourist attractions, as well as easy access to energy sector projects. The property has demonstrated a consistent revenue history, with reported revenues exceeding $300,000 annually in recent years (specific figures available upon request). The asking price is $1,050,000, representing a price per key of approximately $26,923. The property is zoned C134. This presents a strong opportunity for owner-users or investors seeking a well-established hospitality business in a growing area.