Val-U Inn at 125 E Winnemucca Blvd, Winnemucca, NV
This 32,958-square-foot, 78-unit motel is offered at $3,500,000 ($44,872 per unit). With substantial renovations completed and opportunities for further improvement, this property offers both immediate cash flow and future upside.
Property Highlights:
- Renovations: $500,000 in updates, including 48 renovated units with new furniture, dual-pane windows, mini-split HVAC systems, RFID keyless entry, steel doors, repaved parking lot, and refreshed lobby flooring.
- Layout: 34 double queens, 12 single kings, 2 single queens, 30 legacy single kings (demoed with $9,000/unit estimated renovation cost), and a 2-bedroom, 2-bath manager’s unit.
- Management: A reliable team of five employees, with two residing on-site and three nearby, ensures smooth operations.
Strategic Location:
Situated in downtown Winnemucca, the property is near the $2.2 billion Thacker Pass lithium mine, projected to create 1,800 construction jobs and 360 permanent positions. This economic development is expected to drive demand for housing and lodging in the area.