200 Mill St - Hospitality FOR SALE


Reno, NV 89501- Midtown Reno
$11,300,000 USD
775-351-9955
200 Mill St, Reno, NV for Sale
$11,300,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

200 Mill St
Reno, NV 89501
Midtown Reno


OVERVIEW

The asset consists of two distinct buildings, offering 75 keys and 50 keys respectively. Both buildings feature separate entrances and dedicated elevator systems allowing for operational independence. One side has a Bar underneath it and the other building has a Convenience store. Ownership is amenable to a SPLIT SALE, with each building available individually. The presence of Renaissance, a boutique hotel's advantageous placement together with the Automobile museum located directly across this property makes this site exceptionally well suited for a luxury high value development.

FOR SALE DETAILS

PRICE

$11,300,000 USD

PRICE/SF

$203 USD /SF

# OF ROOMS

121

PRICE/ROOM

$93,388 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakemill Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

MD-RD

APN/PARCEL ID

011-125-07,011-125-09

ASK ABOUT THIS PROPERTY

Kanwal BrarKanwal BrarMore Info
775-351-9955

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

Kanwal BrarKanwal BrarMore Info
775-351-9955

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