36 C StVirginia City, NV 89440

Property Details for 36 C St

Year built

1902

Lot size

0.11 AC

Property size (Sq ft)

5,620 SF

Zone code

CR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

001-084-04

APU

108404

Description

This iconic Virginia City, NV storefront, featured in USAToday, offers 5,620 square feet of retail space and four 1-bedroom apartments. The main floor houses a well-established candy store with built-in shelving, display cases, and ample storage. Two evaporative coolers maintain a comfortable shopping environment. Upstairs, four separately rented apartments each include off-street parking. The building, constructed in 1902, boasts a recently redone roof and exterior repainted approximately 15 years ago, featuring large display windows and multiple entrances facing the boardwalk. The 0.11-acre lot is zoned GC, offering flexibility. The property enjoys a strong 8% cap rate and a pro-forma NOI of $256,313. Its prime location on the boardwalk, near attractions like the Silver State National Park and Mark Twain Museum, ensures high foot traffic and visibility. This unique blend of commercial and residential space presents a compelling investment opportunity in a vibrant historic community. The property includes a shared fenced landing area for tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,390,680

  6.5%

  $1,283,704

  7%

  $1,192,011

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,994,732

  Geo Method

  $1,994,732

• Alternative Use

  Use

  Valuation

  Residential

  $1,283,704

  Hospitality

  $1,175,866

  Educational

  $978,307

  Medical

  $1,011,952

  Retail

  $1,521,811

Location Insight

City

Virginia City

County

Storey

State

Nevada

Latitude

39.3113

Longitude

-119.65

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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