307 Main StYerington, NV 89447

For Sale
$750,000

13-Unit Motel, Commercial Building, 1.2 Acres

Overview

Added:
Feb 3
Days on market:
39
This exceptional investment opportunity encompasses a thriving 13-unit motel, a commercial building currently leased to Charter Communications (Spectrum), and a manager's residence, all situated on a combined 1.2-acre parcel in Yerington, Nevada. The property consists of two parcels, APN#s 001-058-01 & 02. The motel units, including a manufactured home on-site, have recently undergone updates. The commercial building provides a stable income stream through its existing lease agreement. A key feature of this offering is the inclusion of a vacant lot, previously utilized as a small mobile home park. This lot is an integral part of the sale and is essential due to the existing motel units and commercial building encroaching upon it. The total square footage of the buildings is 5,823 square feet. This property presents a unique chance to acquire a multi-faceted commercial investment with significant potential for growth and return. The combination of established rental income from the motel and the commercial building, coupled with the potential redevelopment opportunities presented by the vacant lot, makes this a compelling investment prospect. The property is offered at $750,000.

Property Details for 307 Main St

Property type
Other commercial real estate
Square Feet
5,823 SF
Year Built
1973
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Yerington
County
Lyon
State
Nevada
Latitude
38.99239
Longitude
-119.1635
307 Main St, Yerington, Nevada

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307 Main St
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