1000 C St Hawthorne, NV 89415
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7-Unit Mixed-Use Property, High NOI
Property size:
9,576 SFProperty Features for 1000 C St
General Information
- Property type
- Multifamily properties
- Square Feet
- 9,576 SF
- Lot Size
- 36,155 SF
Building Details
- Year Built
- 1973
- Buildings
- 2
- Stories
- 2
- Units
- 7
Listing Agency: NAI Alliance | Reno Listing Agent: Brian Egan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 7-unit mixed-use property located at 1000 C St, Hawthorne, NV 89415. The property encompasses two buildings totaling 9,576 square feet on a 0.83-acre lot (APN: 001-011-24), zoned C1. Built in 1973 and 1976, the complex includes four office spaces, two recently remodeled apartments, and a storage unit. The property boasts a strong historical occupancy rate, anchored by a long-term tenant (State of Nevada) occupying space for over 20 years, with lease renewal discussions underway. The Rural Clinics lease was recently renewed for five years. The Welfare office is also in final discussions regarding an expansion. Two remodeled, two-bedroom apartments are currently available. The property offers significant upside potential for increased rental income through lease renewals and achieving 100% occupancy. The asking price is $899,000, representing an attractive 8% cap rate with a current NOI of $891,378. This property is ideal for both investors seeking strong returns and owner-users looking to occupy approximately 1,553 square feet of available office space. The property's strong tenant base, favorable lease terms, and potential for rental growth make it a compelling investment opportunity in a desirable location.
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Map
- City
- Hawthorne
- County
- Mineral
- State
- Nevada
- Longitude
- -118.6259918
- Latitude
- 38.5325547
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FAQs
What type of property is this?
Multifamily property - 7-Unit Mixed-Use Property, High NOI
Where is this multifamily property located?
The property is located at 1000 C St Hawthorne, NV.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: $899,000 asking price.; Multifamily, office, and self-storage property with 9,576 square feet.; 8.00% cap rate with a $891,378 NOI.
