515 Cornell Ave - Hospitality FOR SALE


Lovelock, NV 89419
$1,200,000 USD
775-828-3700
515 Cornell Ave, Lovelock, NV for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

515 Cornell Ave
Lovelock, NV 89419


HIGHLIGHTS

  • Prime Location In Lovelock
  • Properties have been recently renovated
  • Seller has been cleaning up the properties
  • New capital improvements: new roofs, windows, etc...

OVERVIEW

RE/MAX Commercial is pleased to present the Lovelock Nugget Motel. A recently renovated 17 room motel. Occupancy is increasing as mining activity picks up. Recent property upgrades including new roof and exterior paint. Proforma Cap Rate 6.25% The Brookwood Motel (9 rooms) and RV Park (41 Spaces) is also available for sale with the Lovelock Inn that has 37 rooms. The Lovelock Inn also has a restaurant that could be opened or leased out. RE/MAX Commercial is pleased to present Portfolio Sale In Lovelock: - 55 Cornell ave, $2,500,000 - 205 Cornell, $1,800,000 - 515 Cornell , $1,200,000 (vacant and under renovation)

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$220 USD /SF

# OF ROOMS

17

PRICE/ROOM

$70,588 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lovelock Nugget Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,500 SF

ZONING

C

APN/PARCEL ID

001-121-04

ASK ABOUT THIS PROPERTY

Kevin SigstadRE/MAX Premier PropertiesMore Info
775-828-3700

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Kevin SigstadRE/MAX Premier PropertiesMore Info
775-828-3700

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