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Vacation Motor Lodge 599 S Center St 35 Room Hotel Reno, NV 89501 $4,413,890 CAD ($126,111 CAD/Room) 4.46% Cap Rate
Executive Summary
DCG is pleased to present 599 S Center St - Vacation Motor Lodge for sale.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Property Facts
| Price | $4,413,890 CAD | Lot Size | 0.45 AC |
| Price Per Room | $126,111 CAD | Building Size | 9,660 SF |
| Sale Type | Investment | No. Rooms | 35 |
| Cap Rate | 4.46% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1958 |
| Property Type | Hospitality | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | MU-MC - MIXED-USE MIDTOWN COMMERCIAL | ||
| Price | $4,413,890 CAD |
| Price Per Room | $126,111 CAD |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 9,660 SF |
| No. Rooms | 35 |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | MU-MC - MIXED-USE MIDTOWN COMMERCIAL |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 35 | $85.56 CAD | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 011-192-04 | Improvements Assessment | $175,380 CAD |
| Land Assessment | $200,843 CAD | Total Assessment | $376,223 CAD |
Property Taxes
Parcel Number
011-192-04
Land Assessment
$200,843 CAD
Improvements Assessment
$175,380 CAD
Total Assessment
$376,223 CAD
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Vacation Motor Lodge | 599 S Center St
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