Multi Family Opportunity! CORNER LOT 2091 W 4th St 38 Room Hotel Reno, NV 89503 $3,990,000 ($105,000/Room)
INVESTMENT HIGHLIGHTS
- Corner Lot
- No maximum Density Restrictions
- No Height Restrictions
EXECUTIVE SUMMARY
OWNER FINANCING AVAILABLE! Prime HIGH DENSITY Multifamily / Commercial Redevelopment Opportunity! Property near downtown Reno! Zoned MU, (Mixed Urban) Property can be a retail and multifamily build out. NO maximum density limitations! NO building HEIGHT restrictions, 2 sewer lines, 4 curb cut entrances, corner lot and all utilities on site. Major opportunity! SANDWHICHED between Redevelopment growth on west and east sides! Currently ONSITE is a 1936 non-Operating 37 UNIT motel.
PROPERTY FACTS
| Price | $3,990,000 |
| Price Per Room | $105,000 |
| Sale Type | Investment |
| Sale Condition | Deferred Maintenance |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 10,026 SF |
| No. Rooms | 38 |
| No. Stories | 1 |
| Year Built | 1936 |
| Parking Ratio | 4.48/1,000 SF |
| Corridor | Exterior |
| Zoning | MU - Zoned MU (Mixed Urban) |
AMENITIES
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 38 | $42.00 | - |
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PROPERTY TAXES
| Parcel Number | 006-212-09 | Improvements Assessment | $23,421 |
| Land Assessment | $239,042 | Total Assessment | $262,463 |
CONTACT
-
Lori Gemme - NVG Properties LLC
