435 9th St - Hospitality FOR SALE


Lovelock, NV 89419
$300,000 USD
775-835-3825
435 9th St, Lovelock, NV for Sale
$300,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

435 9th St
Lovelock, NV 89419


HIGHLIGHTS

  • 20 Unit Motel
  • Centrallly Located in Downtown Area

OVERVIEW

20 UNIT MOTEL WITH EXCELLENT POTENTIAL Well known, classic Americana non-operating motel located in the heart of central Lovelock. The Desert Haven Motel consists of 4,869 SF in two buildings, on a 17,124+- SF lot with plenty of parking. 20 rooms plus office. Some rooms have kitchens. To Seller's knowledge the property can be operated as its current motel use or converted to apartments. Unique opportunity with big upside either way. Property appears to be in fair condition with deferred maintenance, ready for your upgrades/remodel. Based on a nightly average rental rate of $70 per room, which is low as compared to competing motels in Lovelock, this property is capable of grossing well over $40,000 per month at full occupancy. Currently expanding mines and other local enterprises point to increasing short and long term housing demand now and in the future. Excellent investment and business opportunity. Please do not enter onto the property without an appointment. Please call in advance to schedule a viewing. Directions: The Desert Haven Motel is located at 435 9th St in Lovelock. The property is at the corner of Dartmouth Ave and 9th Street. Please note Google Maps does not accurately map the address, so please use the cross streets or the GPS coordinates to locate the property. GPS 40.179109, -118.477169

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$62 USD /SF

# OF ROOMS

20

PRICE/ROOM

$15,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Desert Haven Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1939

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,632 SF

ZONING

C

APN/PARCEL ID

001-095-01

ASK ABOUT THIS PROPERTY

Robert KennersonDesertAcreage.comMore Info
775-835-3825

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Robert KennersonDesertAcreage.comMore Info
775-835-3825

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