Mixed-Use Property on Main
For Sale
$1,775,000
280 E Main Street, Fernley, NV 89408
COMMERCIAL - Fernley, NV
Property Size6,075 SF
Lot Size1.90 Acres
Price / SF$292.18
Days on Market153
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
Lot features
Level
Directions
Hwy 50
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
Changed: Jul 2
Last Checked: Aug 6 at 9:06AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 22%
Groceries 19%
Beauty & Spa 3%
McDonald's
Dining
21,699 visits/mo
0.4 miles
Raley's
Groceries
20,567 visits/mo
0.4 miles
Taco Bell
Dining
14,898 visits/mo
0.4 miles
Jack in the Box
Dining
11,976 visits/mo
0.4 miles
Shell
Shops & Services
11,634 visits/mo
0.4 miles
Demographics for 89408, NV
23,201
Population
9,039
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
91%
High-School Grad
464.1 sq mi
ZIP Area
50
Density / Sq Mi
$87,723
Median Household Income
$46,808
Median Earnings
$1,504
Median Rent
$352,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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
