Lovelock Hospitality & RV Park, 55 Cornell Avenue, Lovelock, NV 89419

Lovelock Hospitality & Rv Park 55 Cornell Avenue, Lovelock, NV 89419

Availability: for sale

Property Type: Lodging and Hospitality
Mobile Home Community

Building Size: 13,726 SF

Land Size: 10.06 Ac

Price: $5,500,000

Cap Rate: 7.77

Justin Sigstad JSigstad@remax.net (775) 343-2706

Kevin Sigstad ksigstad@remax.net (775) 828-3700

Overview Details Map

Property Description

RE/MAX Commercial is pleased to present the Lovelock Hospitality portfolio for sale in Lovelock, NV. A great investment opportunity comprised of a 37 rooms motel called Lovelock Inn. Property also has a restaurant that could be opened or leased out. Occupancy is increasing as mining activity picks up. Recent property upgrades including new roof and exterior paint. The Lovelock Inn is also available for sale with the Lovelock Nugget Motel that has 17 rooms and It also includes the Brookwood Motel and RV Park that has 41 mobile home spaces and a 9 room motel. The portfolio totals 10.06 acres with a proforma 7.77% cap rate.
- 55 Cornell ave, $2,500,000
- 205 Cornell, $1,800,000
- 515 Cornell , $1,200,000

Full Address: 55 Cornell Avenue, Lovelock, NV 89419

Listing Type: FOR SALE

Status: Active

Region: W-WM

County: Pershing County

Use Type: Hospitality

Property ID: 4072812

Building Sf: 13726

Parcel Num: 5

Number Units: 97

Number Buildings: 3

Year Renovation: 2024

Free Standing: Yes

Cap Rate: 7.77

Tenancy Type: Multi-Tenant

Financial

Cash Flow Type: Proposed

Cf Op Expenses: 274141

Cf Effective Gross: 701497

Cf Year: 2025

Cf Sched Income: 737903

Cf Net Op Income: 427356

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