135 Magnolia Ave Tonopah, NV 89049
- Retirement homes
- 4,300 SF
- 0.29 lot acres
Current Use by Public Records
- Retirement homes
Property Details for 135 Magnolia Ave
- Year built
- 1970
- Lot size
- 0.29 lot acres
- Property size
- 4,300 SF
- Property type
- Retirement homes
- Property subtype
- Office Properties & Spaces
Description
This exceptional mixed-use property, located at 135 Magnolia Ave in Tonopah, Nevada, presents a unique investment opportunity. The 4,300 square-foot building, situated on a 0.29-acre lot (APN 008-311-06), boasts commanding views of the city. Comprising two single-story buildings, the property features approximately 1,800 square feet of office space and 2,500 square feet of warehouse/distribution space. Recently renovated in 2024, the property is currently vacant and available for an owner/user. The asking price is $345,000, translating to $80.23 per square foot. The property is offered as a triple net (NNN) lease. Built in 1970, this property offers significant potential for a variety of uses. The seller is open to negotiating improvements to meet a buyer's specifications. The property is held by an LLC and is zoned for mixed-use purposes. This is a rare opportunity to acquire a well-located, recently renovated property in Tonopah, Nevada. The property's current NOI is $0, and the cap rate is 0.00%.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tonopah
- County
- Nye
- State
- Nevada
- Longitude
- -117.225
- Latitude
- 38.0637
