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Ormsby House 600 S Carson St 110 Room Hotel Carson City, NV 89701 $16,750,000 ($152,273/Room)
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Investment Highlights
- Call Bob Directly at (775) 720-8501
- Highly irreplaceable structure with significant upside, giving developers the opportunity to reposition it into a future income-producing platform.
- Ideal for sophisticated capital partners looking for returns through redevelopment, adaptive reuse, or mixed-use repositioning.
- Multi-parcel offering that includes 003-092-03, 003-092-04, 003-092-05, and 003-093-05 for a total of 3.18 acres and roughly 200,000 square feet.
- Rare combination of scalability and unlimited gaming licensing positions the property as an entitlement-rich redevelopment opportunity.
- Adjacent seven-story parking garage connected to the property provides approximately 400 parking spaces for employees and visitors.
Executive Summary
Call Bob Directly at (775) 720-8501. Discover the Ormsby House, a historic landmark located at 600 South Carson Street, representing a rare, large-scale redevelopment opportunity in the heart of Carson City. This former casino-hotel is an institutional-scale, mixed-use property offering approximately 184,184 square feet of commercial space within the main building, which includes eight stories of hotel rooms, offices, and mixed-use areas. The property also features a lower basement level with 7,662 square feet of commercial space and 1,395 square feet of office space, along with a seven-story parking garage adjacent to the building, totaling approximately 146,040 square feet. Additionally, the site covers 3.66 acres and includes two vacant parcels to the south, totaling 0.79 acres. Positioned as a legacy asset with significant potential, The Ormsby House benefits from Downtown Mixed Use (DTMU) zoning, allowing for a variety of uses, such as hotel and casino operations, multifamily residential, offices, retail, and other commercial activities, offering exceptional flexibility. Importantly, the property qualifies for an unlimited gaming license, an increasingly rare and highly valuable zoning qualification.
The Ormsby House is strategically situated next to Nevada’s Capitol Complex, which houses the Governor’s Office, Legislative Building, Nevada Supreme Court, Attorney General’s Office, and Secretary of State’s Office. The property is located in the heart of Downtown Carson City, surrounded by restaurants, retail stores, and office spaces. Carson City is considered a business-friendly city and has shown strong interest in revitalizing this historic landmark with high-quality tenants and operators. The main building has already received significant capital improvements, including new mechanical, electrical, and plumbing systems, as well as a newer roof. Phase I and Phase II environmental assessments have been completed with clean results, removing a major risk and allowing for faster project execution.
Carson City benefits from durable economic fundamentals and a favorable tax policy, including no state income tax. The city is located approximately 20 minutes from both Reno and Lake Tahoe, offering access to regional employment centers, tourism, and year-round outdoor recreation. Residents and visitors alike enjoy a high-quality of life, further enhancing the long-term appeal of redevelopment concepts. This opportunity remains one of the last large-scale casino-hotel redevelopment prospects in Northern Nevada.
The Ormsby House is strategically situated next to Nevada’s Capitol Complex, which houses the Governor’s Office, Legislative Building, Nevada Supreme Court, Attorney General’s Office, and Secretary of State’s Office. The property is located in the heart of Downtown Carson City, surrounded by restaurants, retail stores, and office spaces. Carson City is considered a business-friendly city and has shown strong interest in revitalizing this historic landmark with high-quality tenants and operators. The main building has already received significant capital improvements, including new mechanical, electrical, and plumbing systems, as well as a newer roof. Phase I and Phase II environmental assessments have been completed with clean results, removing a major risk and allowing for faster project execution.
Carson City benefits from durable economic fundamentals and a favorable tax policy, including no state income tax. The city is located approximately 20 minutes from both Reno and Lake Tahoe, offering access to regional employment centers, tourism, and year-round outdoor recreation. Residents and visitors alike enjoy a high-quality of life, further enhancing the long-term appeal of redevelopment concepts. This opportunity remains one of the last large-scale casino-hotel redevelopment prospects in Northern Nevada.
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Property Facts
| Price | $16,750,000 | Building Size | 196,400 SF |
| Price Per Room | $152,273 | No. Rooms | 110 |
| Sale Type | Investment | No. Stories | 11 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2009 |
| Property Subtype | Hotel | Parking Ratio | 2.04/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.18 AC | ||
| Zoning | DT-MU - Downtown Mixed Use | ||
| Price | $16,750,000 |
| Price Per Room | $152,273 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.18 AC |
| Building Size | 196,400 SF |
| No. Rooms | 110 |
| No. Stories | 11 |
| Year Built/Renovated | 1972/2009 |
| Parking Ratio | 2.04/1,000 SF |
| Corridor | Interior |
| Zoning | DT-MU - Downtown Mixed Use |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 110 | $55.00 | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Flavors Of India | Indian | - | 6 min walk |
| Brewery Arts Center | Tea | $ | 6 min walk |
| Cucina Lupo | Italian | $ | 7 min walk |
| Squeeze In | American | $$ | 7 min walk |
| Garibaldi's | Italian | $ | 8 min walk |
| Bella Vita Bistro and Catering | Cafe | $$$ | 8 min walk |
| Francisco's | Mexican | $ | 8 min walk |
| Dutch Bros | Cafe | $ | 8 min walk |
| Thai Thai Llc | - | $$ | 8 min walk |
| Kim Lees Japanese Restaurant & Sushi Bar | Seafood | $$$ | 8 min walk |
Retail |
||
|---|---|---|
| am/pm | Convenience Market | 2 min walk |
| Tuesday Morning | Off-Price | 7 min walk |
| Sportsman's Warehouse | Sporting Goods | 8 min walk |
| Jacksons | Convenience Market | 14 min walk |
| United States Postal Service | Business/Copy/Postal Services | 14 min walk |
Property Taxes
| Parcel Number | 003-092-03 | Improvements Assessment | $2,294,665 |
| Land Assessment | $326,506 | Total Assessment | $2,621,171 |
Property Taxes
Parcel Number
003-092-03
Land Assessment
$326,506
Improvements Assessment
$2,294,665
Total Assessment
$2,621,171
Sale Advisor
Sale Advisor
Bob Fredlund, Broker
‘Nevada Style’ Realtor & General Contractor
Bob Fredlund is a top-selling Realtor with over 30 years of experience in the Northern Nevada real estate market and 40 years as a general contractor. His extensive knowledge of real estate, construction, and land development allows him to provide unparalleled service to clients seeking residential, commercial, and investment properties.
Bob ‘Nevada Style’ Fredlund consistently exceeds the expectations of his many satisfied clients, guiding them through the sales process with expertise and care. His deep understanding of property valuation, building potential, and market trends gives buyers and sellers a distinct advantage in any transaction.
More than 90% of Bob's business is built on referrals, a testament to his reputation, proficiency, and expertise in real estate and construction. With the resources and capabilities to handle everything from simple purchases to complex multi-level exchanges and commercial projects, Bob is the trusted choice for those looking for experience-backed results in Northern Nevada.
Bob Fredlund is a top-selling Realtor with over 30 years of experience in the Northern Nevada real estate market and 40 years as a general contractor. His extensive knowledge of real estate, construction, and land development allows him to provide unparalleled service to clients seeking residential, commercial, and investment properties.
Bob ‘Nevada Style’ Fredlund consistently exceeds the expectations of his many satisfied clients, guiding them through the sales process with expertise and care. His deep understanding of property valuation, building potential, and market trends gives buyers and sellers a distinct advantage in any transaction.
More than 90% of Bob's business is built on referrals, a testament to his reputation, proficiency, and expertise in real estate and construction. With the resources and capabilities to handle everything from simple purchases to complex multi-level exchanges and commercial projects, Bob is the trusted choice for those looking for experience-backed results in Northern Nevada.
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Ormsby House | 600 S Carson St
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