140 Court St - Hospitality FOR SALE


Reno, NV 89501- Midtown Reno
$6,000,000 USD
775-900-2852
140 Court St, Reno, NV for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

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 sale conveys full control of the property, which includes all timeshare interests currently held by the Declarant ( + affiliated parties), along with the Declarant's legal rights to pursue non-judicial foreclosure on interests currently in default. The foreclosure process has been initiated with retained legal counsel, and those rights transfer to the buyer at the close of escrow.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

93

PRICE/ROOM

$64,516 {currency}

CAP RATE

Request Cap Rate

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.