115 W Gaviland St - Hospitality FOR SALE


Searchlight, NV 89046
$625,000 USD
702-505-6354
115 W Gaviland St, Searchlight, NV for Sale
$625,000 USD
Hospitality - FOR SALE
1/29
null | 12.13% Cap Rate

115 W Gaviland St
Searchlight, NV 89046


HIGHLIGHTS

  • Originally built as Army Barracks in the 1940s, Buildings 1, 3, and part of Building 2 were relocated to their current site in 1964
  • Some rooms have kitchenettes
  • Searchlight is 43 miles from Henderson and 39 miles to Laughlin, making it the halfway point for travellers between the two areas
  • Nearby Nipton, CA (21 miles away) is home to Off Road Tours, a Trading Post and nearby historical mining sites
  • The region is known for Off-Road adventures, Desert Bighorn Sheep, mining history, Avi Kwa Ame National Monument and Lake Mohave
  • Parking can accommodate RVs or Trucks

OVERVIEW

Originally built as Army Barracks in the 1940s, Buildings 1, 3, and part of Building 2 were relocated to their current site in 1964, forming the BV Motel. The motel consists of 15 units ranging from 200 to 300 square feet, along with a two-bedroom, two-bath unit attached to the office for management. Over 20% of the rooms feature kitchenettes, catering to extended-stay guests. Amenities include free WiFi, TV, coffee, tea, and parking. Additional facilities include a separate laundry area and a standalone shed for storage. Many of the units have been refurbished with new tile flooring and fresh paint, while two of the three buildings have received new roofs. A brand-new Pix water system was installed in Building 3, and the entire motel was repainted in 2022. The property has also undergone landscaping improvements, including the addition of a rose garden. The electrical system remains legally grandfathered in. Over the past five years, the BV Motel has successfully passed all Health and Safety Checks and continues to be an active participant in the City of Searchlight.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$130 USD /SF

# OF ROOMS

15

PRICE/ROOM

$41,667 {currency}

CAP RATE

12.13%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BV Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1942

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2, County

APN/PARCEL ID

243-35-310-097

ASK ABOUT THIS PROPERTY

John McClellandColdwell Banker Premier RealtyMore Info
702-505-6354

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John McClellandColdwell Banker Premier RealtyMore Info
702-505-6354

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.