1349 Idaho St - Hospitality FOR SALE


Elko, NV 89801
$3,000,000 USD
951-314-3404
1349 Idaho St, Elko, NV for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/17
null | 9.71% Cap Rate

1349 Idaho St
Elko, NV 89801


HIGHLIGHTS

  • This 63-key, fully renovated hospitality asset, currently operating as Stay Express Inn
  • This compelling investment is offered at $3,000,000, implying a valuation well below the submarket’s average of $93,000 per key.
  • The efficient 25,593 SF layout across two buildings maximizes operational flow and land use.

OVERVIEW

The property is a 63-key, two-story, independent hospitality asset currently operating as Stay Express Inn / Budget Inn. Built in 1945 and extensively renovated in 2024, the motel consists of 25,593 SF situated on 0.90 acres (APN: 001-292-001). The asset offers surface parking, highly functional room layouts, and an efficient two-building footprint. Positioned along Elko’s primary corridor—Idaho Street—the property benefits from strong visibility, steady mining-driven demand, and close proximity to the airport, downtown, and regional event venues.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$117 USD /SF

# OF ROOMS

63

PRICE/ROOM

$47,619 {currency}

CAP RATE

9.71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stay Express Inn - 1349 Idaho St.

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

ZC

APN/PARCEL ID

001-292-001

ASK ABOUT THIS PROPERTY

Justin ScottKW VIP / Keller Williams RealtyMore Info
951-314-3404

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Justin ScottKW VIP / Keller Williams RealtyMore Info
951-314-3404

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