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2 Newcombe Ave 2,468 SF 35% Leased Office Building Yerington, NV 89447 $614,205 CAD ($248.87 CAD/SF)



EXECUTIVE SUMMARY
Introducing 2 Newcombe Avenue in Yerington, NV a rare owner-user or investment opportunity right in the heart of town directly on Main Street. This mixed-use property is ideally suited for a wide range of professionals looking for a convenient, visible, and flexible location. The two ground-floor commercial units are currently vacant and would be an excellent fit for accountants, insurance agents, attorneys, real estate brokers, financial advisors, or other business professionals seeking an office presence in town. It also works well for service-based businesses such as consultants, therapists, or specialty retailers. The upstairs apartment is currently rented on a month-to-month basis, and an owner-user could offset expenses with rental income or even live upstairs and work downstairs. With its central location, versatile layout, and blend of income-producing and owner-use potential, this property offers the perfect combination for professionals and investors alike, providing immediate cash flow while preserving maximum flexibility for the buyer to reconfigure or occupy as desired.
The bottom floor is 1,264 sq ft, featuring two bedrooms/offices, one bath, and a kitchen. The garage portion of the building was fully converted to commercial space and offers 600 sq ft of fully finished space that was previously used as a retail space for a computer company. The bottom floor has only been used for businesses in the past, including insurance, technology consulting, a wellness center, and a nail shop. The top floor of the building is fully furnished and has 1,264 sq ft with three bedrooms, one bath, and a washer and dryer.
The bottom floor is 1,264 sq ft, featuring two bedrooms/offices, one bath, and a kitchen. The garage portion of the building was fully converted to commercial space and offers 600 sq ft of fully finished space that was previously used as a retail space for a computer company. The bottom floor has only been used for businesses in the past, including insurance, technology consulting, a wellness center, and a nail shop. The top floor of the building is fully furnished and has 1,264 sq ft with three bedrooms, one bath, and a washer and dryer.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$25,127
|
$10.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$25,127
|
$10.18
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $25,127 |
| Annual Per SF | $10.18 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $25,127 |
| Annual Per SF | $10.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
2,468 SF
Building Class
C
Year Built
1978
Price
$614,205 CAD
Price Per SF
$248.87 CAD
Percent Leased
35%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,234 SF
Building FAR
0.37
Lot Size
0.15 AC
Zoning
C1 - C1 Code: 410 Offices, Professional, and Business Services
Parking
5 Spaces (2.03 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 001-058-03 | Improvements Assessment | $56,175 CAD (2025) |
| Land Assessment | $11,425 CAD (2025) | Total Assessment | $67,600 CAD (2025) |
PROPERTY TAXES
Parcel Number
001-058-03
Land Assessment
$11,425 CAD (2025)
Improvements Assessment
$56,175 CAD (2025)
Total Assessment
$67,600 CAD (2025)
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2 Newcombe Ave
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