Vacation Motor Lodge | 599 S Center St
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Vacation Motor Lodge 599 S Center St
35 Room Hotel Reno, NV 89501 $4,672,200 CAD ($133,491 CAD/Room) 4.46% Cap Rate
Executive Summary
DCG is pleased to present 599 S Center St - Vacation Motor Lodge for sale.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Property Facts
| Price | $4,672,200 CAD | Construction Status | Under Renovation |
| Price Per Room | $133,491 CAD | Building Size | 9,660 SF |
| Sale Type | Investment | No. Rooms | 35 |
| Cap Rate | 4.46% | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1958 |
| Property Type | Hospitality | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.45 AC |
| Price | $4,672,200 CAD |
| Price Per Room | $133,491 CAD |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Construction Status | Under Renovation |
| Building Size | 9,660 SF |
| No. Rooms | 35 |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 35 | $71.88 CAD | - |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 011-192-04 | Improvements Assessment | $183,562 CAD |
| Land Assessment | $185,586 CAD | Total Assessment | $369,148 CAD |
PROPERTY TAXES
Parcel Number
011-192-04
Land Assessment
$185,586 CAD
Improvements Assessment
$183,562 CAD
Total Assessment
$369,148 CAD
zoning
| Zoning Code | MU-MC (MIXED-USE MIDTOWN COMMERCIAL) |
| MU-MC (MIXED-USE MIDTOWN COMMERCIAL) |
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Vacation Motor Lodge | 599 S Center St
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