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599 S Center St
Reno, NV 89501
Vacation Motor Lodge · Hospitality Property For Sale
·
35 Rooms
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 Per Room | $129,621 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
|
| Lot Size | 0.45 AC | ||
| Zoning | MU-MC - MIXED-USE MIDTOWN COMMERCIAL | ||
| Price Per Room | $129,621 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 | $87.94 CAD | - |
PROPERTY TAXES
| Parcel Number | 011-192-04 | Improvements Assessment | $180,552 CAD |
| Land Assessment | $191,552 CAD | Total Assessment | $372,104 CAD |
PROPERTY TAXES
Parcel Number
011-192-04
Land Assessment
$191,552 CAD
Improvements Assessment
$180,552 CAD
Total Assessment
$372,104 CAD
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