Vacation Motor Lodge | 599 S Center St
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Vacation Motor Lodge 599 S Center St
35 Room Hotel Reno, NV 89501 £2,604,875 (£74,425/Room) 4.46% Net Initial Yield
Executive Summary
DCG is pleased to present 599 S Center St - Vacation Motor Lodge for sale.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Constructed in 1958, The Vacation Motor Lodge is a motel lodge in the heart of Reno’s Midtown District. The property spans 0.45 acres zoned for Mixed-Use, posing an opportunity for repositioning and redevelopment.
599 South Center Street features 35-rooms and currently boosts 94.3% occupancy. The motel is located a block away from Virginia Street, Reno’s bustling main thoroughfare. Additionally, this location features convenient access to the best of Midtown’s restaurants, retail shops, bars, and coffee shops.
Property Facts
| Price | £2,604,875 | Construction Status | Under Renovation |
| Price Per Room | £74,425 | Building Size | 9,660 SF |
| Sale Type | Investment | No. Rooms | 35 |
| Net Initial Yield | 4.46% | Number of Floors | 2 |
| Sale Conditions | 1031 Exchange | Year Built | 1958 |
| Property Type | Hospitality | Parking Ratio | 2.17/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.45 AC |
| Price | £2,604,875 |
| Price Per Room | £74,425 |
| Sale Type | Investment |
| Net Initial Yield | 4.46% |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.45 AC |
| Construction Status | Under Renovation |
| Building Size | 9,660 SF |
| No. Rooms | 35 |
| Number of Floors | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 35 | £40.08 | - |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 011-192-04 | Improvements Assessment | £102,795 |
| Land Assessment | £103,928 | Total Assessment | £206,723 |
PROPERTY TAXES
Parcel Number
011-192-04
Land Assessment
£103,928
Improvements Assessment
£102,795
Total Assessment
£206,723
zoning
| Zoning Code | MU-MC (MIXED-USE MIDTOWN COMMERCIAL) |
| MU-MC (MIXED-USE MIDTOWN COMMERCIAL) |
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Vacation Motor Lodge | 599 S Center St
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