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Listed by Sierra Petersen • Coldwell Banker Commercial Excel
$ 1,320,000
Est. payment | /mo
2 Baths
8,561 SqFt
$ 1,320,000
Est. payment | /mo
2 Baths
8,561 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,561 sqft
Price per Sqft $154
Subdivision Zx-Other/None
MLS Listing ID 3627951
Half Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,631
Lot Size 0.574 Acres
Acres 0.574
Property Sub-Type Commercial
Property Description
Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8% cap rate for the leased spaces and $70,000 were given towards the 2 additional parcels.
Location
State NV
County Elko
Area Elko
Rooms
Other Rooms Workshop
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Carpet, Concrete, Hardwood, Tile
Fireplace No
Exterior
Exterior Feature Landscaping, Mature Trees/Landscape, Workshop
Roof Type Clay,Membrane,Tile
Building
Foundation Poured
Additional Building Workshop
Others
Tax ID 001-225-014, 001-225
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