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Listed by Jessica Larsen • Presidio Real Estate West
$ 415,000
Est. payment | /mo
1 Bath
7,840 Sqft Lot
$ 415,000
Est. payment | /mo
1 Bath
7,840 Sqft Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ballou Addition
MLS Listing ID 3627977
HOA Y/N No
Year Built 1970
Annual Tax Amount $1,962
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Commercial
Property Description
Investment opportunity in Elko's light industrial market. This 5,679 SF commercial building sits on 0.18 acres and is fully occupied with six income-producing units. All tenants are currently on month-to-month agreements, offering flexibility for a new owner while providing immediate cash flow. Current rents are below market, presenting significant upside potential through future rent adjustments and increased income performance.One of the six units is operated as a butcher shop and was brought up to code in 2019. The property's multi-tenant configuration helps diversify income and reduce vacancy risk. Conveniently located in Elko, this asset offers a value-add opportunity for investors seeking stable occupancy with the potential to improve returns over time.
Location
State NV
County Elko
Area Elko
Interior
Flooring Concrete
Fireplace No
Exterior
Exterior Feature Corner Lot
Utilities Available Cable Available
Water Access Desc Public
Roof Type Metal
Building
Water Public
Others
Tax ID 001-365--006
Nearby Locations
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