Minden, NV 89423,1587-1589 N HWY 395
Minden, NV 89423,1587-1589 N HWY 395
Minden, NV 89423,1587-1589 N HWY 395
18
$1,400,000
$1,700,000
17.6%
Est.Price: ?

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7,821 SqFt

1587-1589 N HWY 395 Minden, NV 89423

Est. payment /mo
SOLD DATE : 08/30/2022

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Key Details

Sold Price $1,400,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,821 sqft

Price per Sqft $179

MLS Listing ID 220003395

Sold Date 08/30/22

Year Built 1975

Annual Tax Amount $5,707

Lot Size 0.650 Acres

Acres 0.65

Lot Dimensions 0.65

Property Sub-Type Retail

Property Description

Fully Leased Retail investment opportunity. Fully leased multi-tenant building in the heart of the downtown Minden area. US 395 frontage with excellent visibility and 2020 traffic counts in excess of 22,000 cars per day. Currently leased to National Fastenal Company and the D&D Mini Mart. The mini mart also occupies the one-bedroom apartment above the store which could be an additional source of income. Tenants are long term and are on Modified Gross leases with approximately 4 years remaining., Location Location!! Great place to park those 1031 funds in fast growing and tax friendly Northern Nevada. Minden/Gardnerville are bedroom communities with a strong sense of self. Close to Reno for shopping, airport etc and just minutes to Lake Tahoe and all outdoors adventures and skiing it provides. Property has had ongoing maintenance performed and there is a Phase 2 environmental inspection available. financials available as part of the due diligence for qualified buyers

Location

State NV

County Douglas

Zoning GC

Direction First Street

Interior

Heating Natural Gas

Cooling Evaporative Cooling

Flooring Laminate

Exterior

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Water Meter Installed

View Y/N No

Roof Type Composition,Membrane,Shingle

Building

Story 2

Foundation Slab

Water Public

Structure Type Frame,Wood Siding,Masonry Veneer

Others

Tax ID 132032101008

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Listed by Coldwell Banker Select RE CC

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agent

Shannon Comstock

Realtor® | S.175542

+1(775) 842-2000

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