1057 Sheridan Ave, Cody WY 82414

$2,250,000

1057 Sheridan Ave, Cody, WY 82414

bedrooms

bathrooms

square feet

Acreage

0.32

Open Houses

year built

1965

Full Baths

Half Baths

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Prime commercial property located on downtown Cody's bustling Sheridan Avenue, offering an exceptional investment opportunity. This iconic property is currently leased to Millstone, a well-loved local restaurant that attracts year-round patrons with its vibrant atmosphere. Currently generating $11,139/month in rent, equating to $133,673 annually, the lease is set to renew by 3/1/25. A proposed new lease offers increased annual rental income of $164,000 to $169,000 over a 5-year term, with the tenant highly likely to renew. Situated in a high-traffic downtown location with consistent demand, this property offers investors a steady income-producing asset. With a projected future cap rate of 6.53%, this is your chance to own a piece of prime real estate in one of Cody's most sought-after commercial areas. Don’t let this opportunity pass you by! Business is not for sale. Does not include business assets, equipment, furniture, fixtures, arcade game, kitchen supplies or other restaurant and bar related assets.

Location
Subdivision	None
County	Cody - City of
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 10030843

Listing agent: Brenton Hayden

Listing broker: Re/Max Elevation (307) 855-1234

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. [source]

Last update: Wednesday, January 29 2025 at 4:14 p.m. EST

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