1000 C St Hawthorne, NV 89415
- Office Properties & Spaces
- 9,576 SF
- 0.83 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1000 C St
- Year built
- 1973
- Lot size
- 0.83 lot acres
- Property size
- 9,576 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Self storage facilities
Description
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.
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
- Hawthorne
- County
- Mineral
- State
- Nevada
- Longitude
- -118.626
- Latitude
- 38.5326
