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    FOR SALE
    Hotels

    140 Court St, Reno, NV 89501

    55,471 SF Built 1963
    Trust Owned
    Property ID
    US62-0688222
    140 Court St, Reno, NV 89501 For Sale 1 / 12
    $6,000,000 55,471 SF
    140 Court St, Reno, NV 89501
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    Property summary
    AI-generated overview

    This opportunity presents the acquisition of a 93-unit resort (approval for 95 units) property in downtown Reno at a substantial discount to replacement cost. All 93 units include kitchenettes, and the property features an indoor pool, sauna, fitness center, game room, and 71 covered parking spaces across three separate areas. The property formerly operated as a timeshare resort, and the seller is completing the non-judicial foreclosure of ownership shares that are in default to the association. The process to gain a unified title to the property is anticipated to be completed in Q4 2026. The property will transfer after the seller achieves unified title to the property, with fee simple title property to be conveyed at closing. The location within an opportunity zone allows prospective buyers to defer existing capital gains and achieve tax-free growth on the asset's future appreciation through a Qualified Opportunity Fund.

    Property profile
    Verified
    Property type Hotels
    Year built 1963
    Total area 55,471 SF
    UPID US62-0688222
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tesla Destination Charger Electric Vehicle Charging Station
    • Carmine's Barber Shop Barber Shop
    • Statement Barbershop 2 Barber Shop
    • Blendoza Barber Shop
    • Legacy Vacation Resorts Reno Hotel & Motel
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Richard & Donna Manrique Living Trust
    Richard & Donna Manrique Living Trust
    since 2026
    7 recorded transactions
    2026
    —
    2026
    —
    2026
    $1,000
    2026
    $1,000
    2026
    $500
    2025
    —
    2025
    —
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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