421 Court Street,Elko, NV 89801
Elko, NV 89801
Description
Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8 percent cap rate for the leased spaces and 70,000 were given towards the 2 additional parcels. The parcels included are the subject property and APNs 001-225-006, 001-225-007, 001-225-008.
Details
| MLS # | 260007406 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Building Name | DOWL |
| Sub-Type | Resale |
| Status | Active Under Contract-show |
| Year | 1900 |
| Days On Site | 77 |
| Listing Provided By | Coldwell Banker Excel | Sierra Petersen |
Features
| SQ Feet | 3,680 |
|---|---|
| Story(s) | 2 |
| Zoning | ZC |
| Acreage | 0.57 |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Window Features | Blinds |
Exterior
| Roof | Membrane, Tile |
|---|---|
| Lot Features | Corner Lot |
| Construction Materials | Block, Brick, Stucco, Wood Siding |
| Road Responsibility | Public Maintained Road |
| Foundation Details | Slab |
| Fencing | None |
Parking
| Parking Features | Alley Access, Accessible Parking, Parking Lot |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Internet Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Property | 4156 |
|---|
Area Information
| State | NV |
|---|---|
| County | Elko |
| City | Elko |
| Zip Code | 89801 |
| Area | Elko |
| Listing VS Median (in 89801) | |
Price: $1,320,000 low | high Med: $702,500 sqft: 3,680 low | high Med: 3,424 $ / sqft: $359 low | high Med: $197 On site: 77 low | high Med: 59.5 | |
Market Activity 89801
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Learn More About This Property
| State | NV |
|---|---|
| County | Elko |
| City | Elko |
| Zip Code | 89801 |
| Area | Elko |
| Listing VS Median (in 89801) | |
Price: $1,320,000 low | high Med: $702,500 sqft: 3,680 low | high Med: 3,424 $ / sqft: $359 low | high Med: $197 On site: 77 low | high Med: 59.5 | |
 | $299,900415 Idaho StreetElko, NV 89801 |