421 Court Street
$1,320,000
421 Court Street, Elko, NV 89801
3,680 sqft
Building Size
0.57 acres
Lot Area
Details:
Description:
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.
Listing ID: 410e0d3b-2ce2-40a5-a01e-4cc0e4535445
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Location
Gallery
