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
1/6
null | Request Cap Rate

140 Court St
Reno, NV 89501
Midtown Reno


HIGHLIGHTS

  • Value-add multifamily redevelopment opportunity.

OVERVIEW

The former Legacy Vacation Resorts – Reno property represents an opportunity to acquire a 93-room former hotel property at a substantial discount to replacement cost. All 93 rooms include kitchenettes. The property was previously a timeshare facility, closing in May 2025. The property offers an indoor pool, sauna, two elevators, 3 separate parking garage areas, one commercial suite measuring approximately 1,200 square feet, two separate front desk office areas, common area deck on second floor and a manager's office area. The sale of this property will include all shares owned by the association and the legal rights of the declarant to foreclosure on the shares currently in default.

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

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

Jonathan WentheArchCrest Commercial PartnersMore Info
775-900-2852

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