Townsite Motel | 250 W Commercial Row
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Townsite Motel 250 W Commercial Row
14 Room Hotel Reno, NV 89501 $2,551,446 CAD ($182,246 CAD/Room) 6.69% Cap Rate
Investment Highlights
- Seller Financing Available
- Walking distance from the Riverwalk District
- Adjacent to the J Resort
Executive Summary
Seller financing is available, and seller would prefer to sell as a portfolio with Sparks Studios (2150 Victorian Ave). With seller financing terms for both assets, buyer would cash flow and potential cash on cash could be around 8%.
Welcome to The Townsite Motel in Reno, NV, an excellent investment opportunity located adjacent to the brand new J Resort and the revitalized Neon Light District. The motel offers 14 units, each thoughtfully designed to accommodate short-term rentals. This prime location in Reno's bustling entertainment hub ensures high demand and steady rental income.
The Townsite is walking distance to the coveted Riverwalk District and downtown nightlife. Additionally, the surrounding area is seeing further development with the upcoming North Arlington Apartments, a luxury apartment complex that will continue to add to the areas appeal and convenience.
This type of asset rarely pops up for sale in Reno.
For further details and investment analysis reach out to listing agent.
Welcome to The Townsite Motel in Reno, NV, an excellent investment opportunity located adjacent to the brand new J Resort and the revitalized Neon Light District. The motel offers 14 units, each thoughtfully designed to accommodate short-term rentals. This prime location in Reno's bustling entertainment hub ensures high demand and steady rental income.
The Townsite is walking distance to the coveted Riverwalk District and downtown nightlife. Additionally, the surrounding area is seeing further development with the upcoming North Arlington Apartments, a luxury apartment complex that will continue to add to the areas appeal and convenience.
This type of asset rarely pops up for sale in Reno.
For further details and investment analysis reach out to listing agent.
Property Facts
| Price | $2,551,446 CAD | Building Size | 3,696 SF |
| Price Per Room | $182,246 CAD | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.69% | Year Built | 1959 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.79/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.12 AC | Opportunity Zone |
Yes
|
| Price | $2,551,446 CAD |
| Price Per Room | $182,246 CAD |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,696 SF |
| No. Rooms | 14 |
| No. Stories | 2 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 3.79/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $113.40 CAD | - |
| Guest Room | 13 | $87.88 CAD | - |
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 011-031-02 | Improvements Assessment | $74,648 CAD |
| Land Assessment | $57,942 CAD | Total Assessment | $132,590 CAD |
PROPERTY TAXES
Parcel Number
011-031-02
Land Assessment
$57,942 CAD
Improvements Assessment
$74,648 CAD
Total Assessment
$132,590 CAD
zoning
| Zoning Code | MD-ED |
| MD-ED |
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Townsite Motel | 250 W Commercial Row
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