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515 Cornell Ave
Lovelock, NV 89419
Lovelock Hospitality & Rv Park · Property For Sale
·
13,726 SF Total
Investment Highlights
- Huge upside potential with increased mining activity in the area
Executive Summary
I am pleased to present the Lovelock Hospitality portfolio for sale in Lovelock, NV. A great investment opportunity comprised of a 37 rooms motel called Lovelock Inn. Property also has a restaurant that could be opened or leased out. Occupancy is increasing as mining activity picks up. Recent property upgrades including new roof and exterior paint. The Lovelock Inn is also available for sale with the Lovelock Nugget Motel that has 17 rooms and It also includes the Brookwood Motel and RV Park that has 41 mobile home spaces and a 9 room motel. The portfolio totals 10.06 acres with a proforma 7.77% cap rate.
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000
Property Facts
| Price / SF | $400.70 / SF | Number of Properties | 3 |
| Cap Rate | 7.77% | Individually For Sale | 3 |
| Sale Type | Investment | Total Building Size | 13,726 SF |
| Status | Active | Total Land Area | 9.83 AC |
| Price / SF | $400.70 / SF |
| Cap Rate | 7.77% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 13,726 SF |
| Total Land Area | 9.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lovelock Inn
55 Cornell Ave, Lovelock, NV 89419 |
Hospitality | 6,278 SF | 1945 | $2,500,000 |
|
Lovelock Nugget Motel
515 Cornell Ave, Lovelock, NV 89419 |
Hospitality | 5,448 SF | 1946 | $1,200,000 |
|
Brookwood Mobile Home - RV Park & Motel
205 Cornell Ave, Lovelock, NV 89419 |
Multifamily | 2,000 SF | 1945 | $1,800,000 |
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