219 Kingsbury Grade | Stateline, NV 89449
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219 Kingsbury Grade
Stateline, NV 89449
Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,344 SF
Building Class
C
Year Built/Renovated
1980/2018
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.77
Lot Size
0.58 AC
Zoning
Tahoe Mixed Use - Areas targeted for redevelopment including a mix of tourist, recreation, commercial, light industrial, public service and residential.
Parking
44 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
16’ on Kingsbury Grade
AMENITIES
- 24 Hour Access
- Restaurant
ABOUT 219 KINGSBURY GRADE , STATELINE, NV 89449
Attention all investors. Income producer. Can you say cash cow. The current owner has elevated this property income to a 9% cap rate with room for improvements. Current rents are below market. Improvements in the last year include: New Roof, TRPA Bmp Certification, New Hvac units, parking lot sealing, remodeled units, common area upgrades.
PROPERTY TAXES
| Parcel Number | 1318-26-101-003 | Improvements Assessment | $386,901 |
| Land Assessment | $40,950 | Total Assessment | $427,851 |
PROPERTY TAXES
Parcel Number
1318-26-101-003
Land Assessment
$40,950
Improvements Assessment
$386,901
Total Assessment
$427,851
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