1636 N Boulder Hwy - Hospitality FOR SALE


Henderson, NV 89011- Pittman-Henderson
$5,750,000 USD
702-274-8872
1636 N Boulder Hwy, Henderson, NV for Sale
$5,750,000 USD
Hospitality - FOR SALE
1/22
null | 8.7% Cap Rate

1636 N Boulder Hwy
Henderson, NV 89011
Pittman-Henderson


HIGHLIGHTS

  • Strong Cash Flow
  • Opportunity Zone
  • Immersed in Public and Private development

OVERVIEW

This is a stable operation generating more than $500,000 annual income after expenses and before tax. This is a value add. Either improve the existing asset performance or razor the land and begin again with a new 35 unit senior housing development or middle rise missing middle apartment building with more than 100 apartments. Details available.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$712 USD /SF

# OF ROOMS

27

PRICE/ROOM

$212,963 {currency}

CAP RATE

8.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ingles Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

CH, Henderson

APN/PARCEL ID

178-01-312-008,178-01-312-009

ASK ABOUT THIS PROPERTY

James P. FosterVirtue Real Estate GroupMore Info
702-274-8872

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James P. FosterVirtue Real Estate GroupMore Info
702-274-8872

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