280 E Main St Fernley, NV 89408
For Sale
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This exceptional Fernley, Nevada investment opportunity encompasses a 6,075 square foot shopping center situated on a 1.9-acre lot at 280-320 E Main St, zip code 89408. The property, built in 1948, consists of five buildings with a diverse range of existing uses, including a service garage (1,632 sq ft), service station/office (494 sq ft), a converted residential building (896 sq ft), and a mobile home (1,809 sq ft) at 280 E Main. Additional features include a propane filling station, ample storage, and a shade canopy. At 290 E Main, a 1,244 sq ft building with storage sheds and a large yard is included. A 0.26-acre parcel at 300 E Main is leased from Union Pacific Railroad. Further enhancing the property's versatility is a self-serve car wash at 310 E Main with renovation potential, and a 0.57-acre fenced yard at 320 E Main ideal for vehicle storage. The property boasts over 400 feet of Main Street frontage, providing exceptional visibility and signage opportunities. This portfolio presents a compelling opportunity for owner-users or investors seeking a multi-use property with strong redevelopment potential. The asking price is $1,875,000, translating to $308.64 per square foot. The property is zoned for General Commercial use. Multiple APNs apply.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Fernley, NVFernley. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
