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1200 Avenue E 2,716 SF Office Building Ely, NV 89301 $498,000 ($183.36/SF) 5.02% Cap Rate
Investment Highlights
- Excellent condition commercial opportunity~Ely, Nevada
Executive Summary
Prime commercial opportunity in Ely, Nevada offering flexibility for investors or owner-operators. Built in 2011, this well-maintained property was previously utilized as a state law enforcement office and later a medical office, making it ideal for a variety of professional or service-based businesses.
The property consists of a 2,716 sq. ft. commercial building that can be used as a single unit or divided into two separate suites (1200 & 1201 Avenue E). Interior connecting doorways allow flexibility for either a single occupant or two independent tenants.
The building is handicap accessible and includes central heating and air conditioning, on-demand hot water, bathrooms and utility areas on each side, and T-1 internet wiring. Exterior flood lighting and rear access provide additional convenience and security.
Suite 1200 Avenue E (Currently Vacant)
Entryway waiting room
Reception/greeting area with glass window
Large common room
Three spacious private offices
Media/IT closet
Storage closet
Kitchenette
Half bathroom
Suite 1201 Avenue E (Currently Leased – Income Producing)
Common room
Two private offices
Coffee area
Half bathroom
Situated on a 0.24-acre lot, the property features rear fencing and rear access, providing ample parking or potential outdoor space.
This property presents an excellent opportunity for investors seeking immediate rental income while maintaining the option to occupy or lease the remaining suite.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$5,281
|
$1.94
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,281
|
$1.94
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $5,281 |
| Annual Per SF | $1.94 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,281 |
| Annual Per SF | $1.94 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- -
- $15.60
- Modified Gross
- Oct 2015
The Nevada State Police serves the “Nevada Way” by coordinating with local, state, and federal law enforcement agencies on behalf of their community partners to provide the highest level of public safety service for the citizens and visitors to the Silver State. To be the premiere public safety agency and provide advanced law enforcement services to the citizens of Nevada. To support and empower DPS employees by encouraging diversity in the workforce, results oriented service, productivity and meaningful career growth. The DPS is committed to achieving the highest standards of excellence through the use of comprehensive training programs, progressive technology, federal, state and local government partnerships with interagency cooperation to ensure the safety of all citizens and visitors in Nevada.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | - | $15.60 | Modified Gross | Oct 2015 |
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1200 Avenue E
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