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Goldfield Hotel Portfolio 69-79 Columbia Ave

101 Room Hotel Goldfield, NV 89013 $2,800,000 ($27,723/Room)

Investment Highlights

  • Excellent highway access
  • Value-add opportunity
  • Featured in numerous movies and TV shows
  • Many resotrations already completed.
  • Seismic retrofitting installed

Executive Summary

NAI Alliance is pleased to present the opportunity to purchase the historic Goldfield Hotel and surrounding properties. Once teeming with the Who’s-who of American Society, the Goldfield Hotel offers buyers the opportunity to own a legendary piece of Gold Rush Americana. The initial sale includes a total of three buildings and 5 vacant parcels to be used as parking or storage. The buildings included are: The Goldfield Hotel, the Brown-Parker Automotive Garage, and a workshop, all three of which are listed on the Nevada Register of Historic Places. The vacant parcels total +/- 1 acre and are zoned for commercial use.
The 51,150 SF Goldfield Hotel consists of four floors of rooms and amenities, and sits atop a 5,200 SF basement. In the 1970s-80s, a seismic retrofit was completed by adding vertical supports from the earth to the ceiling in numerous locations throughout the building. Also added at that time were fire sprinklers throughout the building, though a section of the 4th floor was not completed at the time due to funding. The Hotel is still being restored and is not occupied.
Across the street from the Goldfield Hotel sits the historic Brown-Parker Automotive Garage, and to the south of the Brown-Parker lies the building only identified as a workshop. The workshop building and the Brown-Parker Garage are in unrestored condition.

Property Facts

Price $2,800,000
Price Per Room $27,723
Sale Type Investment
Sale Conditions Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.65 AC
Construction Status Under Renovation
Building Size 56,345 SF
No. Rooms 101
No. Stories 4
Year Built/Renovated 1908/2026
Corridor Interior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 101 $105.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 001-215-06
  • 001-215-19
  • 001-214-01
  • 001-215-18
  • 001-214-09
  • 001-214-12
Land Assessment
$19,588
Improvements Assessment
$174,201
Total Assessment
$193,789

zoning

Zoning Code Com, Res, Vac (Zoning (Land use code): Commercial (400) Residential (280) Vacant (100))
Com, Res, Vac (Zoning (Land use code): Commercial (400) Residential (280) Vacant (100))
  • Listing ID: 26395512

  • Date on Market: 8/12/2022

  • Last Updated:

  • Address: 69-79 Columbia Ave, Goldfield, NV 89013

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