1050 Allen Rd
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1050 Allen Rd
3,000 SF 100% Leased Retail Building Fallon, NV 89406 £254,572 (£85/SF) 5.90% Net Initial Yield
Executive Summary
Commercial investment opportunity now for sale. The current building has been used for dry cleaning for years. The building is 3000 square feet. The tenant pays 1650 a month and covers all utilities. Located in Fallon, Nevada the building sits on one acre. There are additional ways to add income, by adding storage units, or even converting the building into a cash flowing business.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1953
Price
£254,572
Price Per SF
£85
Net Initial Yield
5.90%
NOI
£15,020
Percent Leased
100%
Number of Floors
2
Building FAR
0.07
Lot Size
1.00 AC
Zoning
C2 - Commerical
Frontage
118 ft on Allen Road
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 008-811-13 | Improvements Assessment | £33,218 |
Land Assessment | £20,899 | Total Assessment | £54,117 |
PROPERTY TAXES
Parcel Number
008-811-13
Land Assessment
£20,899
Improvements Assessment
£33,218
Total Assessment
£54,117
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1050 Allen Rd
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