126 Victorian Ave Sparks, NV 89431
- Commercial real estate
- 5,200 SF
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 126 Victorian Ave
- Year built
- 1961
- Lot size
- 0.25 lot acres
- Property size
- 5,200 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 5,200 square foot commercial building situated on a 0.25-acre lot at 126 Victorian Avenue in Sparks, Nevada. The property boasts a strong tenant base, currently occupied by a thriving convenience store and a nail salon, ensuring immediate cash flow. Adding to the income potential are six residential units: two two-bedroom, one-bathroom apartments and four one-bedroom, one-bathroom apartments. While the convenience store owner is open to selling their established business, this presents an additional avenue for revenue generation or operational synergy. The property's current rental income is enhanced by the potential for increased returns, as several one-bedroom apartments are currently rented below market value, offering a clear path for value-add improvements. This versatile property is ideal for both investors seeking a stable, high-yield portfolio addition and owner-users looking to combine commercial and residential income streams. The prime location on Victorian Avenue provides excellent visibility and accessibility, further enhancing its appeal and investment potential. The property's diverse income streams and potential for future growth make it a compelling opportunity in the thriving Sparks, Nevada market. This is a rare chance to acquire a well-established, multi-faceted property with significant upside.
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
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.7453
- Latitude
- 39.53503
