1050 Allen Rd

4,984 SF 100% Leased Retail Building Fallon, NV 89406 $325,000 ($65/SF) 5.90% Cap Rate

Investment Highlights

  • Located in the center of Fallon, NV

Executive Summary

Commercial investment opportunity now for sale. The current building has been used for dry cleaning for years. The building is 3000 square feet. The tenant pays 1650 a month and covers all utilities. Located in Fallon, Nevada the building sits on one acre. There are additional ways to add income, by adding storage units, or even converting the building into a cash flowing business.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,984 SF
Building Class
C
Year Built
1953
Price
$325,000
Price Per SF
$65
Cap Rate
5.90%
NOI
$19,175
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.00 AC
Zoning
C2 - Commerical Retail
Parking
15 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
118 FT on Allen Road

Amenities

  • Signage
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Rent-A-Center
U.S. Bank
WaFd Bank
Safeway
Starbucks
Nevada State Bank

PROPERTY TAXES

  • Listing ID: 34178583

  • Date on Market: 12/12/2024

  • Last Updated:

  • Address: 1050 Allen Rd, Fallon, NV 89406