307 Main StYerington, NV 89447

Property Details for 307 Main St

Year built

1973

Lot size

0.53 AC

Property size (Sq ft)

5,623 SF

Zone code

C1

Property type

Hospitality properties

Property subtype

Hotels

APN

001-058-02

APU

105802

Description

This exceptional investment opportunity encompasses a thriving 13-unit motel, a commercial building currently leased to Charter Communications (Spectrum), and a manager's residence, all situated on a combined 1.2-acre parcel in Yerington, Nevada. The property consists of two parcels, APN#s 001-058-01 & 02. The motel units, including a manufactured home on-site, have recently undergone updates. The commercial building provides a stable income stream through its existing lease agreement. A key feature of this offering is the inclusion of a vacant lot, previously utilized as a small mobile home park. This lot is an integral part of the sale and is essential due to the existing motel units and commercial building encroaching upon it. The total square footage of the buildings is 5,823 square feet. This property presents a unique chance to acquire a multi-faceted commercial investment with significant potential for growth and return. The combination of established rental income from the motel and the commercial building, coupled with the potential redevelopment opportunities presented by the vacant lot, makes this a compelling investment prospect. The property is offered at $750,000.

Location Insight

City

Yerington

County

Lyon

State

Nevada

Latitude

38.9925

Longitude

-119.163

CBSA code

22280

CBSA name

FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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