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Lakemill Lodge 200 Mill St 121 Room Hotel Reno, NV 89501 $11,300,000 ($93,388/Room)
EXECUTIVE SUMMARY
The asset consists of two distinct buildings, offering 75 keys and 50 keys respectively. Both buildings feature separate entrances and dedicated elevator systems allowing for operational independence. One side has a Bar underneath it and the other building has a Convenience store.
Ownership is amenable to a SPLIT SALE, with each building available individually.
The presence of Renaissance, a boutique hotel's advantageous placement together with the Automobile museum located directly across this property makes this site exceptionally well suited for a luxury high value development.
Ownership is amenable to a SPLIT SALE, with each building available individually.
The presence of Renaissance, a boutique hotel's advantageous placement together with the Automobile museum located directly across this property makes this site exceptionally well suited for a luxury high value development.
PROPERTY FACTS
| Price | $11,300,000 | Building Size | 55,783 SF |
| Price Per Room | $93,388 | No. Rooms | 121 |
| Sale Type | Investment | No. Stories | 6 |
| Sale Condition | Business Value Included | Year Built | 1966 |
| Property Type | Hospitality | Parking Ratio | 1.02/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.53 AC | ||
| Zoning | MD-RD | ||
| Price | $11,300,000 |
| Price Per Room | $93,388 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 55,783 SF |
| No. Rooms | 121 |
| No. Stories | 6 |
| Year Built | 1966 |
| Parking Ratio | 1.02/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | MD-RD |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 121 | $66.00 | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,416,641 | |
| Land Assessment | $177,986 | Total Assessment | $1,594,626 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$177,986
Improvements Assessment
$1,416,641
Total Assessment
$1,594,626
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Kanwal Brar
Lakemill Lodge | 200 Mill St
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