Carson City Hospitality for Sale - Carson City County

Call Bob Directly at (775) 720-8501. Discover the Ormsby House, a historic landmark located at 600 South Carson Street, representing a rare, large-scale redevelopment opportunity in the heart of Carson City. This former casino-hotel is an institutional-scale, mixed-use property offering approximately 184,184 square feet of commercial space within the main building, which includes eight stories of hotel rooms, offices, and mixed-use areas. The property also features a lower basement level with 7,662 square feet of commercial space and 1,395 square feet of office space, along with a seven-story parking garage adjacent to the building, totaling approximately 146,040 square feet. Additionally, the site covers 3.66 acres and includes two vacant parcels to the south, totaling 0.79 acres. Positioned as a legacy asset with significant potential, The Ormsby House benefits from Downtown Mixed Use (DTMU) zoning, allowing for a variety of uses, such as hotel and casino operations, multifamily residential, offices, retail, and other commercial activities, offering exceptional flexibility. Importantly, the property qualifies for an unlimited gaming license, an increasingly rare and highly valuable zoning qualification. The Ormsby House is strategically situated next to Nevada’s Capitol Complex, which houses the Governor’s Office, Legislative Building, Nevada Supreme Court, Attorney General’s Office, and Secretary of State’s Office. The property is located in the heart of Downtown Carson City, surrounded by restaurants, retail stores, and office spaces. Carson City is considered a business-friendly city and has shown strong interest in revitalizing this historic landmark with high-quality tenants and operators. The main building has already received significant capital improvements, including new mechanical, electrical, and plumbing systems, as well as a newer roof. Phase I and Phase II environmental assessments have been completed with clean results, removing a major risk and allowing for faster project execution. Carson City benefits from durable economic fundamentals and a favorable tax policy, including no state income tax. The city is located approximately 20 minutes from both Reno and Lake Tahoe, offering access to regional employment centers, tourism, and year-round outdoor recreation. Residents and visitors alike enjoy a high-quality of life, further enhancing the long-term appeal of redevelopment concepts. This opportunity remains one of the last large-scale casino-hotel redevelopment prospects in Northern Nevada.

Property Subtype:

Hotel

Date on Market:

2024-05-07

Carson City Retail for Sale - Carson City County

Your Next Smart Investment Just Got a Better Roof — Literally. Five units. One building. Seven thousand square feet of pure upside sitting right on US Highway 50 East in Carson City, NV — one of Northern Nevada's busiest corridors. This freshly remodeled 7,000 sq. ft. commercial retail center is the kind of turnkey opportunity that makes experienced investors do a double-take. Why? Because the rents and leases are currently running under market value — which in investor-speak means your next rent cycle comes pre-loaded with a raise you didn't have to negotiate. The big-ticket items are already handled: a brand-new roof installed just one year ago covering the entire building, plus a new central A/C unit in one of the five suites. The bones are solid, the updates are real, and the upside is sitting right there waiting for someone to pick it up. High visibility. Heavy traffic. A growing city that keeps attracting new residents and businesses. Owner financing available for the investor who's ready to move. Five units. One smart move.

Property Subtype:

Storefront

Date on Market:

2024-07-09

Carson City Land for Sale - Carson City County

Property Subtype:

Commercial

Date on Market:

2022-01-10