55 Cornell Ave - Hospitality FOR SALE


Lovelock, NV 89419
$2,500,000 USD
775-828-3700
55 Cornell Ave, Lovelock, NV for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/9
null | 4.89% Cap Rate

55 Cornell Ave
Lovelock, NV 89419


HIGHLIGHTS

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

OVERVIEW

RE/MAX Commercial is pleased to present the Lovelock Inn for sale in Lovelock, NV. A great investment opportunity comprised of a 37 rooms motel called Lovelock Inn. Property also has a restaurant that could be opened or leased out. Occupancy is increasing as mining activity picks up. Recent property upgrades including new roof and exterior paint. The Lovelock Inn is also available for sale with the Lovelock Nugget Motel that has 17 rooms and It also includes the Brookwood Motel and RV Park that has 41 mobile home spaces and a 9 room motel. The property is almost 4 acres in size. . 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

$2,500,000 USD

PRICE/SF

$398 USD /SF

# OF ROOMS

37

PRICE/ROOM

$67,568 {currency}

CAP RATE

4.89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lovelock Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

103

LAND DETAILS

LAND ACRES

5.28 AC

LAND SF

229,997 SF

ZONING

C1

APN/PARCEL ID

001-221-14

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.