Log In/Sign Up
Your email has been sent.
Vacation Motor Lodge 599 S Center St 35 Room Hotel Reno, NV 89501 $4,451,557 CAD ($127,187 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 is 100% occupied. 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 is 100% occupied. 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 | $4,451,557 CAD | Lot Size | 0.45 AC |
| Price Per Room | $127,187 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 | $4,451,557 CAD |
| Price Per Room | $127,187 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 | $86.29 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 011-192-04 | Improvements Assessment | $178,127 CAD |
| Land Assessment | $203,989 CAD | Total Assessment | $382,116 CAD |
Property Taxes
Parcel Number
011-192-04
Land Assessment
$203,989 CAD
Improvements Assessment
$178,127 CAD
Total Assessment
$382,116 CAD
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Vacation Motor Lodge | 599 S Center St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.