UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,576 sqft
Price per Sqft $82
MLS Listing ID 250051238
Year Built 1973
Annual Tax Amount $6,315
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions 0.83
Property Sub-Type Mixed Use
Property Description
For Sale: Exceptional mixed-use property featuring two buildings with rock-solid leases from the State of Nevada, a reliable anchor tenant for over 20 years. This fully leased asset offers strong historical occupancy, a 7.4% cap rate, and consistent cash flow, making it a standout investment.
Property Highlights:
Building Details:
Building 1: ±6,552 sq. ft., constructed in 1973
Building 2: ±3,024 sq. ft., constructed in 1976
Configuration:
3 office spaces
2 recently remodeled apartments (1 Bed/2 Bath & 3 Bed/1 Bath)
1 storage space
Leases: Long-term, stable leases with the State of Nevada, recently renewed, ensuring 100% occupancy for over two decades.
Financials:
Net Operating Income (NOI): $58,330
Cap Rate: 7.4%
Condition: Well-maintained with modern upgrades, including a newly remodeled 1-bedroom apartment (photos available, taken prior to re-leasing).
Why Invest?
Proven Stability: 20+ years of uninterrupted tenancy by the State of Nevada, a creditworthy anchor tenant.
Diverse Income Streams: Mix of office, residential, and storage spaces ensures resilience and versatility.
Prime Location: High-demand area with strong historical occupancy and immediate cash flow from day one.
Seize this rare chance to own a fully leased, income-generating property backed by the strength of long-term Nevada state leases. Contact us today to request financials or schedule a viewing!
Location
State NV
County Mineral
Zoning C1-General Commercial
Rooms
Basement Unfinished
Interior
Heating Electric, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry None
Exterior
Parking Features Accessible Parking, Parking Lot
Utilities Available Cable Available, Electricity Available, Internet Available, Sewer Available, Sewer Connected, Water Available, Water Connected, Cellular Coverage
View Y/N No
Roof Type Composition,Shingle
Garage No
Building
Lot Description Level
Story 2
Foundation Crawl Space
Water Public
Structure Type Attic/Crawl Hatchway(s) Insulated,Wood Siding
Others
Tax ID 001-011-24
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Learn More About LPT Realty
Jen Rosser
Broker Salesperson | License ID: NV BS.0145301, CA 01767283
Broker Salesperson License ID: NV BS.0145301, CA 01767283