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Investment Highlights

  • The property includes 37 motel units across multiple buildings and cabins.
  • The site contains approximately 4.02 acres of land.
  • Highway frontage offers visibility within an established commercial corridor.
  • Direct access is available from South Greeley Highway and Jefferson Road.
  • Existing hospitality use provides immediate operational functionality.
  • Multiple building configurations support operational flexibility.

Executive Summary

403 S Greeley Hwy presents an opportunity to acquire an established hospitality property along one of Cheyenne's primary commercial corridors. The property includes a 37-unit motel with multiple buildings and cabins situated on approximately 4.02 acres, providing a layout that supports a variety of lodging configurations and operational strategies. Direct access from both South Greeley Highway and Jefferson Road enhances visibility and accessibility for travelers, workforce lodging users, and extended-stay guests.
The property's location on the south side of Cheyenne offers convenient connectivity to regional transportation routes serving the city and the broader Front Range market. Cheyenne continues to benefit from its role as Wyoming's capital city, with demand generated by government, transportation, energy, military, and logistics-related activity. The site's highway frontage places it within an established commercial environment that supports hospitality and traveler-oriented businesses.
The existing improvements create an opportunity for continued motel operations, repositioning, renovation, or redevelopment subject to buyer due diligence and local approvals. Multiple buildings and cabin-style accommodations provide operational flexibility that is uncommon in many traditional lodging assets. The combination of a sizeable land area, established hospitality use, and frontage along South Greeley Highway contributes to the property's visibility and long-term utility.
For investors seeking an operating hospitality asset or a property with future redevelopment potential, 403 S Greeley Hwy offers a well-located site within Wyoming's largest metropolitan area and a corridor that serves both local and regional traffic.

Property Facts Under Contract

Price $5,531,317 CAD
Price Per Room $149,495 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.51 AC
Building Size 15,000 SF
No. Rooms 37
No. Stories 1
Year Built 1945
Corridor Exterior
Opportunity Zone Yes
Zoning CB - The district is intended to accommodate a broad range of commercial uses that serve community-wide retail.

Amenities

  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 37 $63.69 CAD -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
1-1079-0013-0006-0
Land Assessment
$7,557 CAD
Improvements Assessment
$98 CAD
Total Assessment
$7,655 CAD
  • Listing ID: 41465882

  • Date on Market: 2026-07-28

  • Last Updated:

  • Address: 403 S Greeley Hwy, Cheyenne, WY 82007

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