Mixed-Use Property on Main
280 E Main Street Fernley, NV 89408
280 E Main Street, Fernley, NV, 89408
$1,775,000
For Sale
$1,775,000
COMMERCIAL - Fernley, NV
Property Size6,075 SF
Lot Size1.90 Acres
Price / SF$292.18
Days on Market138
Property Features for 280 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Parking features
- Assigned, Gated, Paved or Surfaced, Parking Lot
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 020-022-11
- Size
- 6,075 SF
- Lot size
- 1.90 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7091
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1948
- Floors in Building
- 1
- Number of units
- 6
- Flooring type
- Varies
Listing agency
Century 21 Prime Nevada Prime Real Estate LLC
(775) 234-5054
Listed by
Michelle Barney · License #B.143247
(775) 303-7558
Added: Mar 6 Updated: Jul 2 at 8:38AM Checked: Jul 22 at 10:06PM
MLS# 260002476
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property is situated on Main Street in Fernley, Nevada, and spans 1.9 acres across four parcels. The property includes five buildings, featuring a 1,632-square-foot, 3-bay service garage, a 494-square-foot service station office with a covered fuel station, an 896-square-foot residential-to-commercial conversion office, and a 1,809-square-foot mobile home. Additionally, there is an enclosed cinderblock open-air storage area and a propane filling station. Another building is a 1,244-square-foot residence with two storage sheds and a fenced yard. The property also includes a .57-acre fenced and lit storage yard and a self-service car wash that is not currently in service. The main parcels are divided by a .26-acre land parcel leased from Union Pacific Railroad. The property's frontage on Main Street offers potential for signage and visibility. Located less than 15 minutes from the Reno Tahoe Industrial Center, 30 minutes from Reno, and approximately 40 minutes from Fallon Naval Air Base, the property's zoning allows for multiple uses, making it suitable for expansion or redevelopment. The property includes parcels 020-022-11, 020-022-10, 020-101-08 and 020-101-07.
Key Highlights
- Multi‑parcel mixed‑use property on Main Street in Fernley, NV with 5 buildings on 1.9 acres across included parcels
- Includes a 3‑bay service garage (1,632 SF), plus a service station office with covered fuel station (494 SF)
- Residential/office buildings include a 896 SF residential‑to‑commercial conversion office and a 1,244 SF residence
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.8k | $24.00 |
| − Vacancy | −$3.8k | −$0.62 |
| EGI | $142.0k | $23.38 |
| − OpEx | −$35.5k | −$5.84 |
| NOI | $106.5k | $17.53 |
6,075 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,507 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$1.10M
$960.9K – $1.28M
NOI $76,874 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,057 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-parcel property with mixed usage in Fernley, Nevada.
Where is this mixed-use property located?
The property is located at 280 E Main Street Fernley, NV.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Multi‑parcel mixed‑use property on Main Street in Fernley, NV with 5 buildings on 1.9 acres across included parcels; Includes a 3‑bay service garage (1,632 SF), plus a service station office with covered fuel station (494 SF); Residential/office buildings include a 896 SF residential‑to‑commercial conversion office and a 1,244 SF residence
