775-900-2852
140 Court St, Reno, NV for Sale
Hospitality - FOR SALE
1/12
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140 Court St
Reno, NV 89501
Midtown Reno


HIGHLIGHTS

  • Value-add multifamily redevelopment opportunity
  • Opportunity to control the interest in a desirable location

OVERVIEW

The ownership interest in 140 Court Street, Reno, Nevada, presents an opportunity to acquire a controlling interest in a 93-unit resort (approval for 95 units) property in downtown Reno at a substantial discount to replacement cost. All 93 units include kitchenettes, and the property features an indoor pool, sauna, fitness center, game room, and 71 covered parking spaces across three separate areas. The buyer will receive 100% unified fee simple title to the entire property, free and clear of the timeshare regime currently in place.

FOR SALE DETAILS

PRICE

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# OF ROOMS

93

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Legacy Vacation Resorts Reno

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,009 SF

ZONING

MUDR

APN/PARCEL ID

011-163-15

ASK ABOUT THIS PROPERTY

Jonathan WentheArchCrest Commercial PartnersMore Info
775-900-2852

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Jonathan WentheArchCrest Commercial PartnersMore Info
775-900-2852

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