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Property profile & analytics
FOR SALE
Commercial real estate

70 E Main St Fernley, NV 89408

960 SF 0.16 ac lot Built 1940
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US62-0896430
Property summary
AI-generated overview

This 960-square-foot commercial property, located at 70 E Main St in Fernley, Nevada, presents a unique investment opportunity. Situated on a 0.16-acre lot in the heart of Fernley's burgeoning business district, this property offers significant potential for a variety of commercial uses. Currently occupied by a tenant operating a Halloween haunt, the lease expires December 1st, 2024, providing a clear timeline for future plans. The building itself is described as structurally sound, though it is being sold "as-is." This presents a chance to acquire a well-located commercial space at a competitive price of $225,000. The property's Main Street location ensures high visibility and accessibility, making it an ideal spot for businesses seeking a prominent presence in a growing community. Given Fernley's expanding business landscape, this property is poised for significant appreciation. Investors and entrepreneurs alike will find this a compelling opportunity to establish or expand their commercial ventures in a dynamic and promising market. The "as-is" condition allows for creative redevelopment and customization to perfectly suit the buyer's vision. This is a rare chance to acquire a piece of Fernley's vibrant commercial core.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 960 SF
Lot 0.16 ac (6,970 SF)
Zoning code C1
APN 020-021-04
UPID US62-0896430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dena Lopez · 2 yrs held
Dena Lopez
since 2023
Last sale
$125,000
6 recorded transactions
2023
$125,000
2023
Price N/A
2020
$50,000
2020
Price N/A
2020
Price N/A
2017
Price N/A
Zoning & alternative use
C1 · Fernley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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