70 E Main Street, Fernley, NV 89408
- Added:
- Oct 11, 2024
- Days on Market:
- 620
- Last Refresh:
- Jun 22 at 5:06 am
Property Features for 70 E Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Parking
- 2
- Parking features
- Alley
- Window features
- Vinyl Frames, Wood Frames, Single Pane Window(s), Double Pane Windows
- Standard status
- Active
- APN
- 020-021-04
- Size
- 960 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1437
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Wood
- Building materials
- Frame, Wood Siding
- Roof type
- Shake, Wood
Listing agent Alexandria Brown License #S.192918 (775) 815-3364
Listing office Keller Williams Group One Inc. 155 Disc Drive #103, Sparks, NV (775) 336-3800
Listing date Oct 11, 2024
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.
HighLights
- Prime location on Main Street in the heart of town.
- Located in a thriving and expanding business district.
- Solid construction.
- Tenant occupied until December 1, 2024, providing immediate income potential.
- Wood flooring.
- Public water and sewer connections.
Overview
The address is 70 E Main Street in Fernley, Nevada, within a C1 zoning designation. The property is described as being in the heart of town on Main Street, which may support a variety of retail-oriented uses consistent with local neighborhood retail activity.
For buyers looking to own a small Main Street retail asset, this building provides a straightforward, compact footprint in a commercial corridor setting. Because the property is being sold as-is and the current lease runs through December 1, 2024, prospective operators should plan for business planning and occupancy timing accordingly.
Local Financial Insights For 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 | $19.0k | $19.80 |
| − Vacancy | −$1.7k | −$1.72 |
| EGI | $17.4k | $18.08 |
| − OpEx | −$5.2k | −$5.42 |
| NOI | $12.1k | $12.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fernley
- County
- Lyon
- State
- Nevada
- Longitude
- -119.2499505
- Latitude
- 39.6079776
