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$818,000
Est. payment /mo
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250001678
Year Built 1983
Annual Tax Amount $4,132
Lot Size 0.373 Acres
Acres 0.37
Lot Dimensions 0.37
Property Sub-Type Retail
Property Description
For Sale: Prime Multi-Tenant Retail & Office Investment Property with Warehouse Storage centrally located in Yerington. This property currently yields a 6.86% cap rate and features stable cash flows with long-term tenants including the State of Nevada. The property offers excellent visibility on a main road in Yerington and includes 2,300 SF of vacancy, providing significant potential for an owner user or value-add 10%+ cap rate if fully leased up., The .373 Acre parcel features two contiguous buildings that total 8,390 SF, a small rear loading area, and asphalt parking area in front of the building. The first building is a 4,650 SF corner office/retail building constructed in 1990 and anchored by long term tenant State of Nevada Division of Child Welfare Services and approximately 2,300 SF vacant office available in the adjacent suite next door. The 2nd building was originally built in 1983 and the 3,740 SF inline office/retail building currently has 3 tenants with rear warehouse access, and one (1) small rollup door. Additional benefits include ample parking on property and two prominent signage opportunities. Zoned C-1 General Commercial.
Location
State NV
County Lyon
Zoning C-1 Gen Comm
Direction N. West Street
Interior
Cooling Central Air, Refrigerated
Flooring Ceramic Tile
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N No
Roof Type Membrane,Metal
Building
Story 1
Foundation Slab
Water Public
Structure Type Brick,Stucco
Others
Tax ID 00105202
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
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Listed by Chase International-Damonte