2241 E 4th St, Reno, NV 89512 This 26-room property, offered at $2,700,000 ($103,846 per room), provides steady income with potential for value-add improvements. Its layout and central location make it an excellent candidate for redevelopment for hospitality, medical, nonprofit, or government use. Property Highlights - Layout: 26 guest rooms catering to short-term and extended-stay tenants. - Redevelopment Potential: Suitable for conversion into a medical, nonprofit, or government facility. - Income: Consistent cash flow with opportunities for operational improvements. - Upside: Potential for interior and exterior upgrades to enhance profitability. Strategic Location - Located on Reno’s 4th Street corridor, a growing area with revitalization efforts underway. - Proximity to downtown Reno, University of Nevada Reno (UNR), and major transportation routes ensures steady demand. - Close to dining, entertainment, and retail amenities, supporting consistent occupancy. - Well-positioned to capitalize on Reno’s economic growth and increased tourism activity.