421 Court St - Serviced Offices FOR SALE


Elko, NV 89801
$1,320,000 USD
775-340-2393
421 Court St, Elko, NV for Sale
$1,320,000 USD
Serviced Offices - FOR SALE
1/50
null | 8% Cap Rate

421 Court St
Elko, NV 89801


OVERVIEW

Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8% cap rate for the leased spaces and $70,000 were given towards the 2 additional parcels.

FOR SALE DETAILS

PRICE

$1,320,000 USD

PRICE/SF

$263 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

421 Court St

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Serviced Offices

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

ZC

APN/PARCEL ID

001-225-014

ASK ABOUT THIS PROPERTY

Sierra PetersenColdwell Banker ExcelMore Info
775-340-2393

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Sierra PetersenColdwell Banker ExcelMore Info
775-340-2393

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