250 W Commercial Row - Hospitality FOR SALE


Reno, NV 89501
$1,800,000 USD
775-233-0754
250 W Commercial Row, Reno, NV for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/17
null | 6.69% Cap Rate

250 W Commercial Row
Reno, NV 89501


HIGHLIGHTS

  • Seller Financing Available
  • Adjacent to the J Resort
  • Walking distance from the Riverwalk District

OVERVIEW

Seller financing is available, and seller would prefer to sell as a portfolio with Sparks Studios (2150 Victorian Ave). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%. Welcome to The Townsite Motel in Reno, NV, an excellent investment opportunity located adjacent to the brand new J Resort and the revitalized Neon Light District. The motel offers 14 units, each thoughtfully designed to accommodate short-term rentals. This prime location in Reno's bustling entertainment hub ensures high demand and steady rental income. The Townsite is walking distance to the coveted Riverwalk District and downtown nightlife. Additionally, the surrounding area is seeing further development with the upcoming North Arlington Apartments, a luxury apartment complex that will continue to add to the areas appeal and convenience. This type of asset rarely pops up for sale in Reno. For further details and investment analysis reach out to listing agent.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$487 USD /SF

# OF ROOMS

14

PRICE/ROOM

$128,571 {currency}

CAP RATE

6.69%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townsite Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

MD-ED

APN/PARCEL ID

011-031-02

ASK ABOUT THIS PROPERTY

Trevor RichardsonAddress IncomeMore Info
775-233-0754

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Trevor RichardsonAddress IncomeMore Info
775-233-0754

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