599 S Center St - Hospitality FOR SALE


Reno, NV 89501
$3,250,000 USD
775-850-3066
599 S Center St, Reno, NV for Sale
$3,250,000 USD
Hospitality - FOR SALE
1/16
null | 4.46% Cap Rate

599 S Center St
Reno, NV 89501


OVERVIEW

DCG is pleased to present 599 S Center St - Vacation Motor Lodge for sale. Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment. 599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$336 USD /SF

# OF ROOMS

35

PRICE/ROOM

$92,857 {currency}

CAP RATE

4.46%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vacation Motor Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

MU-MC

APN/PARCEL ID

011-192-04

ASK ABOUT THIS PROPERTY

Gerrit HillebrandDickson Commercial GroupMore Info
775-850-3066

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Gerrit HillebrandDickson Commercial GroupMore Info
775-850-3066

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