The Lucky Motel 1011 E 4th St, Reno, NV 89512 This 23-room motel, offered at $2,700,000 ($117,391 per room), generates consistent income with opportunities for modernization to increase revenue potential. Its layout and prime location also position it as a strong candidate for redevelopment for hospitality, medical, nonprofit, or government use. Property Highlights - Layout: 23 guest rooms accommodating a mix of short-term travelers and extended-stay tenants. - Redevelopment Opportunity: Suited for transformation into a medical facility, nonprofit base, or government building to meet evolving community needs. - Income: Reliable cash flow with opportunities to enhance operational efficiency. - Improvement Potential: Ideal for interior updates, exterior upgrades, and operational enhancements to maximize profitability. Strategic Location - Located along Reno’s revitalized 4th Street, a growing corridor with expanding commercial and cultural activity. - Close to downtown Reno, University of Nevada Reno (UNR), and major transportation routes, ensuring consistent demand. - Near popular dining, entertainment, and retail destinations, supporting steady occupancy. - Well-positioned to benefit from Reno’s continued economic development and rising tourism activity.