Lucky Motel | 1011 E 4th St
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Lucky Motel 1011 E 4th St
23 Room Hotel Reno, NV 89512 £2,217,113 (£96,396/Room)
Investment Highlights
- Suitable for hospitality, medical, nonprofit, or government redevelopment.
- 23 rooms with steady income and upgrade potential.
- Opportunities to improve interiors and curb appeal.
Executive Summary
The Lucky Motel
1011 E 4th St, Reno, NV 89512
This 23-room motel, offered at $2,700,000 ($117,391 per room), generates consistent income with opportunities for modernization to increase revenue potential. Its layout and prime location also position it as a strong candidate for redevelopment for hospitality, medical, nonprofit, or government use.
Property Highlights
- Layout: 23 guest rooms accommodating a mix of short-term travelers and extended-stay tenants.
- Redevelopment Opportunity: Suited for transformation into a medical facility, nonprofit base, or government building to meet evolving community needs.
- Income: Reliable cash flow with opportunities to enhance operational efficiency.
- Improvement Potential: Ideal for interior updates, exterior upgrades, and operational enhancements to maximize profitability.
Strategic Location
- Located along Reno’s revitalized 4th Street, a growing corridor with expanding commercial and cultural activity.
- Close to downtown Reno, University of Nevada Reno (UNR), and major transportation routes, ensuring consistent demand.
- Near popular dining, entertainment, and retail destinations, supporting steady occupancy.
- Well-positioned to benefit from Reno’s continued economic development and rising tourism activity.
1011 E 4th St, Reno, NV 89512
This 23-room motel, offered at $2,700,000 ($117,391 per room), generates consistent income with opportunities for modernization to increase revenue potential. Its layout and prime location also position it as a strong candidate for redevelopment for hospitality, medical, nonprofit, or government use.
Property Highlights
- Layout: 23 guest rooms accommodating a mix of short-term travelers and extended-stay tenants.
- Redevelopment Opportunity: Suited for transformation into a medical facility, nonprofit base, or government building to meet evolving community needs.
- Income: Reliable cash flow with opportunities to enhance operational efficiency.
- Improvement Potential: Ideal for interior updates, exterior upgrades, and operational enhancements to maximize profitability.
Strategic Location
- Located along Reno’s revitalized 4th Street, a growing corridor with expanding commercial and cultural activity.
- Close to downtown Reno, University of Nevada Reno (UNR), and major transportation routes, ensuring consistent demand.
- Near popular dining, entertainment, and retail destinations, supporting steady occupancy.
- Well-positioned to benefit from Reno’s continued economic development and rising tourism activity.
Property Facts
| Price | £2,217,113 | No. Rooms | 23 |
| Price Per Room | £96,396 | Number of Floors | 2 |
| Sale Type | Investment | Year Built | 1954 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.4/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.30 AC | Opportunity Zone |
Yes
|
| Building Size | 8,555 SF |
| Price | £2,217,113 |
| Price Per Room | £96,396 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 8,555 SF |
| No. Rooms | 23 |
| Number of Floors | 2 |
| Year Built | 1954 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 23 | £48.45 | - |
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Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 008-255-09 | Improvements Assessment | £95,718 |
| Land Assessment | £42,792 | Total Assessment | £138,510 |
PROPERTY TAXES
Parcel Number
008-255-09
Land Assessment
£42,792
Improvements Assessment
£95,718
Total Assessment
£138,510
zoning
| Zoning Code | MU |
| MU |
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Lucky Motel | 1011 E 4th St
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