505 Idaho St - Hospitality FOR SALE


Elko, NV 89801
$1,200,000 USD
951-314-3404
505 Idaho St, Elko, NV for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/12
null | 14.2% Cap Rate

505 Idaho St
Elko, NV 89801


OVERVIEW

Amazing investment opportunity. The Esquire Inn Motel in Elko, Nevada offers a compelling investment opportunity with recent upgrades and a strong income profile. This independent, two-story masonry motel features 21 fully renovated guest rooms—including 6 King Suites, 5 Queen Suites, and 10 Double Queen rooms—along with a spacious manager’s suite. The property spans approximately 11,000 square feet on a 0.69-acre commercially zoned parcel, with 23 total parking spaces and exterior corridor access. Currently operating at a 62% occupancy rate and delivering a robust 14.20% cap rate, the Esquire Inn generates consistent cash flow with minimal overhead. Located on Idaho Street in the heart of Elko, the motel is minutes from downtown and conveniently accessible from I-80 and Highway 225. Its strategic position attracts a mix of business and leisure travelers, including visitors to the Elko Mining Expo, Ruby Mountains, and cultural events like the National Cowboy Poetry Gathering.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$109 USD /SF

# OF ROOMS

23

PRICE/ROOM

$52,174 {currency}

CAP RATE

14.2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Esquire Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

ZC

APN/PARCEL ID

001-263-005

ASK ABOUT THIS PROPERTY

Justin ScottKW VIP / Keller Williams RealtyMore Info
951-314-3404

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Justin ScottKW VIP / Keller Williams RealtyMore Info
951-314-3404

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