Current Use by Public Records
- Hospitality properties
Property Details for 435 9 St
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This 20-unit motel presents a unique investment opportunity in the heart of Lovelock, Nevada. The Desert Haven Motel boasts 4,869 square feet across two buildings situated on a spacious 17,124+- square foot lot, providing ample parking. The property includes 20 guest rooms, plus an office, with some rooms featuring kitchens. The seller believes the property is suitable for continued operation as a motel or conversion into apartments, offering significant upside potential. Currently, the motel shows fair condition with some deferred maintenance. Based on a conservative average nightly rate of $70 per room (lower than competitors), the property projects gross monthly revenue exceeding $40,000 at full occupancy. The area's expanding mining and other industries indicate growing short- and long-term housing demand, making this a compelling investment. The asking price is $425,000 ($87.29/sq ft). The property is located at 435 9th St, Lovelock, NV 89419 (APN: 001-095-01). Note: Google Maps may be inaccurate
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lovelock
- County
- Pershing
- State
- Nevada
- Longitude
- -118.477
- Latitude
- 40.1791
