Original Town Of Cody Real Estate

Original Town Of Cody Real Estate

The Original Town of Cody is a historic subdivision located in Cody, Wyoming. This charming neighborhood is situated in the heart of the city of Cody, offering residents a blend of modern amenities and old-west charm. The subdivision features a mix of architectural styles, including classic Western designs and more contemporary homes.

Residents of the Original Town of Cody enjoy easy access to the city's main attractions, including the Buffalo Bill Center of the West, the Cody Firearms Museum, and the Cody Dug Up Gun Museum. The area also boasts stunning views of the nearby Absaroka Mountain Range and is a short drive away from the iconic Yellowstone National Park.

With its convenient location, rich history, and picturesque surroundings, the Original Town of Cody is a sought-after community for those looking to immerse themselves in the spirit of the American West while enjoying the comforts of modern living.

Newest Listings in Original Town Of Cody

$1,950,000
10030843 MLS
1057 Sheridan Avenue presents an opportunity to acquire a fully leased, single-tenant Triple Net (NNN) investment property located along Sheridan Avenue in the heart of downtown Cody, Wyoming. Offered at $1,950,000, the property generates a current Net Operating Income of $149,250, representing a 7.65% capitalization rate, while providing investors with predictable cash flow, limited landlord responsibilities, and contractual income growth. The property is leased to Millstone Pizza Company, an established full-service restaurant, brewery, and sports bar serving both Cody's year-round residents and the region's thriving tourism economy. Under the existing Triple Net lease, the tenant is responsible for substantially all operating expenses, including real estate taxes, building insurance, maintenance, repairs, and utilities, creating a passive ownership structure with minimal ongoing management responsibilities. At today's asking price, those contractual rent adjustments provide projected cap rates of approximately 8.66%, 9.81%, and 11.10%, assuming renewal options are exercised and property-level expenses remain substantially consistent. Whether acquired as a passive investment, a 1031 exchange replacement property, or a long-term portfolio holding, 1057 Sheridan Avenue offers immediate income, contractual rent growth, and an attractive risk-adjusted return backed by an established operating business.

1057 Sheridan Ave, Cody

Listing courtesy of REMAX Elevation.

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