Located on desirable Alger Avenue, this property offers a rare opportunity to secure a premium residential building site in one of Cody’s most walkable and established areas. Just minutes from downtown, this .160-acre lot offers approximately 6,969 square feet of land with valuable R-3 Medium-High Density Residential zoning. The existing 2-bedroom, 1-bath home is being sold as-is, with the primary value placed on the land, location, and redevelopment potential. For buyers looking to build in town, this property offers flexibility that is difficult to find at this price point. R-3 zoning allows for a broader range of residential possibilities than standard single-family zoning, including potential for a new primary residence, guest house, accessory dwelling unit, duplex, multi-family residential use, or modular construction, subject to City of Cody requirements and approvals. Alger Avenue continues to see reinvestment, with older homes being renovated, improved, or replaced by new construction. This location offers close proximity to downtown Cody, local shops, restaurants, schools, parks, and community amenities, making it a strong candidate for future residential development. With limited R-3 zoned inventory available, this property stands out as a strategic building site in a premium Cody location. Buyer to verify zoning, allowable uses, utility availability, setbacks, density, and development requirements with the City of Cody. Showings are subject to tenant approval.