421 Court St, Elko, NV 89801, Elko, NV 89801
sale
$1,320,000
|
Office
Courtesy Of Coldwell Banker Excel
Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8 percent cap rate for the leased spaces and 70,000 were given towards the 2 additional parcels. The parcels included are the subject property and APNs 001-225-006, 001-225-007, 001-225-008.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: 260007406
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