Commercial Real Estate in Reno available for sale
Reno Motels For Sale

Motels for Sale in Reno, NV, USA

More details for 1695 Marvel Way, Reno, NV - Land for Sale

1695 Marvel Way Reno - 1695 Marvel Way

Reno, NV 89502

  • Motel
  • Land for Sale
  • $830,130 CAD
  • 0.74 AC Lot
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More details for 200 Mill St, Reno, NV - Hospitality for Sale

Lakemill Lodge - 200 Mill St

Reno, NV 89501

  • Motel
  • Hospitality for Sale
  • $17,587,499 CAD
  • 55,783 SF

Reno Hospitality for Sale - Downtown

Investment Opportunity: 125-Key Dual-Building Hospitality Asset Reno, Nevada | High-Value Boutique Repositioning Strategy This rare offering presents a clear "mark-to-market" opportunity in the rapidly evolving Reno hospitality corridor. Situated directly in the high-demand gap between budget accommodations and luxury casino resorts, this asset is perfectly positioned for a design-forward boutique repositioning. Unique Independent Configuration The property consists of two fully independent structures, allowing for maximum operational flexibility: Building A: 75 Keys Building B: 50 Keys Each building features its own dedicated entrance and elevator system. This rare setup enables a buyer to execute a phased renovation without a full operational shutdown, or even implement a dual-brand strategy. Diverse Revenue Streams & Value-Add Potential Active F&B: The site includes a ground-level bar that serves as an immediate revenue driver. Retail Upside: An on-site convenience store provides steady lease income with the potential to be repositioned for higher-rent curated retail. Operational Growth: Current performance is below the Reno comp set, offering significant upside in both Average Daily Rate (ADR) and occupancy through modernization. Prime Market Location Located in an experience-driven corridor, the property benefits from direct proximity to a destination museum and the Renaissance boutique hotel. As Reno continues its transformation from a gaming-centric town to a lifestyle destination, there is an acute undersupply of modern, non-gaming inventory—a gap this asset is uniquely suited to fill. Financial Snapshot (Post-Renovation Illustrative Case) Estimated NOI: ~$2.7M Projected RevPAR: ~$140 Total Revenue Range: $7.5M – $8.5M Exit Valuation: $27M – $40M+ (at 8% Cap Rate) For more information, contact Anthony at 855-701-5243.

Contact:

Kanwal Brar

Property Subtype:

Hotel

Date on Market:

2025-12-02

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More details for 599 S Center St, Reno, NV - Hospitality for Sale

Vacation Motor Lodge - 599 S Center St

Reno, NV 89501

  • Motel
  • Hospitality for Sale
  • $4,572,750 CAD
  • 9,660 SF
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More details for 1901 S Virginia St, Reno, NV - Multifamily for Sale

The Point Midtown - 1901 S Virginia St

Reno, NV 89502

  • Motel
  • Multifamily for Sale
  • Price Upon Request
  • 117,000 SF
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More details for 1400 Stardust St, Reno, NV - Multifamily for Sale

The Point West University - 1400 Stardust St

Reno, NV 89503

  • Motel
  • Multifamily for Sale
  • Price Upon Request
  • 72,400 SF
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