434 Front StBattle Mountain, NV 89820

For Sale
$6,800,000

High-Yield Motel with Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional value-add opportunity presents a 90-unit motel in Battle Mountain, Nevada, boasting a substantial 26,052 square feet across four buildings on a 4.09-acre lot. The property, built in 1959 and extensively renovated in 2022/2023, includes a convenient store and offers significant upside potential. The motel generated a Net Operating Income (NOI) of $813,000 in 2023, representing an 11.96% capitalization rate based on the $6,800,000 asking price. The property's 65% occupancy rate in 2023, with a total revenue of $1,648,658 and total expenses of $835,658, indicates strong potential for increased profitability through operational improvements and strategic management. The property is zoned C2-Commercial and includes multiple parcels with addresses at 434 W Front St, 408 W Front St, 474 W Front St, and 415 W 2nd St, Battle Mountain, NV 89820. One parcel features prominent signage on the east end of town, offering excellent visibility. The property's strategic location on the main street of Battle Mountain provides easy access and high visibility. This is an ideal investment for those seeking a strong return on investment with significant value-add potential. The property's size and location offer opportunities for expansion or development, further enhancing its long-term value.

Highlights

  • Strong 2023 revenue of $1,648,658.
  • 2023 operating expenses totaled $835,658.
  • 2023 Net Operating Income (NOI) of $813,000.
  • 2023 occupancy rate of 65%.
  • Attractive 2023 capitalization rate of 11.0%.
  • Expense ratio of 50.7% in 2023 (owner-operated).

Property Details for 434 Front St

Property type
Other hospitality properties, Motels
Square Feet
26,052 SF
Year Built/Renovated
1959/2022
Buildings
4
Stories
2
Lot Size (sq. ft)
178,160 SF

Location Insight

City
Battle Mountain
County
Lander
State
Nevada
Latitude
40.6455372
Longitude
-116.9396614
434 Front St, Battle Mountain, Nevada

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434 Front St
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