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1587-1589 N HWY 395 Minden, NV 89423
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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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