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    280 Main St Fernley, NV 89408

    For Sale
    $1,875,000

    Prime Main Street Retail Portfolio

    Property size:
    6,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Fernley, Nevada investment opportunity encompasses a 6,075 square foot shopping center situated on a 1.9-acre lot at 280-320 E Main St, zip code 89408. The property, built in 1948, consists of five buildings with a diverse range of existing uses, including a service garage (1,632 sq ft), service station/office (494 sq ft), a converted residential building (896 sq ft), and a mobile home (1,809 sq ft) at 280 E Main. Additional features include a propane filling station, ample storage, and a shade canopy. At 290 E Main, a 1,244 sq ft building with storage sheds and a large yard is included. A 0.26-acre parcel at 300 E Main is leased from Union Pacific Railroad. Further enhancing the property's versatility is a self-serve car wash at 310 E Main with renovation potential, and a 0.57-acre fenced yard at 320 E Main ideal for vehicle storage. The property boasts over 400 feet of Main Street frontage, providing exceptional visibility and signage opportunities. This portfolio presents a compelling opportunity for owner-users or investors seeking a multi-use property with strong redevelopment potential. The asking price is $1,875,000, translating to $308.64 per square foot. The property is zoned for General Commercial use. Multiple APNs apply.

    Property Features for 280 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,075 SF
    Lot Size
    82,764 SF

    Building Details

    Year Built
    1948
    Buildings
    5

    HighLights

    • $1,875,000 asking price for this 6,075 SF shopping center.
    • Prime Main Street location in Fernley, NV, offering over 400 feet of frontage and excellent signage opportunities.
    • Ideal for owner‑occupancy with potential to lease remaining space to generate rental income.
    • Significant redevelopment potential on portions of the 1.9‑acre site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.2470691053
    Latitude
    39.607625471078

    Nearby Comparable

    • Contact for pricing

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      Commercial Property on Main Street

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      Land in Opportunity Zone

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      Fernley Land: 8.29 Acres Prime Residential Lot

      Subdividable residential land with water rights. Excellent Fernley location.
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      8.39 Acres in Fernley, NV

      Prime 8.39-acre parcel in Fernley with development potential.
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      View Details

    Nearby Similar for Sale

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      Fernley Professional Office/Medical Retail Building

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      Commercial Property on Main Street

      Retail property in thriving Fernley business district.
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    • $5,500,000
      6.42 Acres

      Fernley Townhome Development Site

      66-unit townhome development site in Fernley, Nevada.
      905 Hardie Ln, Fernley, NV 89408
      View Details
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      54,228 SF

      Fernley Industrial Building with Cranes

      54,228 SF industrial building with heavy infrastructure and logistics connectivity.
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    • $1,825,000
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      Fernley Storage Facility on Main

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Main Street Retail Portfolio
    Where is this lifestyle center located?
    The property is located at 280 Main St Fernley, NV.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: $1,875,000 asking price for this 6,075 SF shopping center.; Prime Main Street location in Fernley, NV, offering over 400 feet of frontage and excellent signage opportunities.; Ideal for owner-occupancy with potential to lease remaining space to generate rental income.
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    280 Main St Fernley, NV 89408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    280 Main St Fernley, NV 89408
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