For Sale
$550,000

518 Pyramid Way Sparks, NV 89431

Prime Medical Office w/ Apartments

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional owner-user investment opportunity presents a 3,238 square foot medical office building situated at 518 Pyramid Way in Sparks, Nevada. Built in 1927 and renovated in 1970, this two-story building sits on a lot identified by APN 033-241-13 and is zoned MUD. The asking price is $550,000, translating to $169.86 per square foot. The property features a well-established medical office space, complete with a built-in reception area, an open waiting room, three exam rooms, two restrooms, and a dedicated storage room. Adding to its investment appeal, the building also includes two apartments. One apartment is currently fully leased, providing immediate rental income. The vacant downstairs medical office space presents a significant opportunity for an owner-occupant or an investor seeking to lease to a medical professional. This mixed-use property offers a unique blend of income generation and potential for growth in a desirable Nevada location. The property's history and current configuration make it an attractive option for a variety of medical practices or investors seeking a stable, income-producing asset in the thriving Sparks market. Further details regarding the leased apartment are available upon request.

Highlights

  • 3,238 SF medical office building in Sparks, NV, on a 0.21-acre lot (APN 033-241-13), zoned MUD.
  • Asking price: $550,000 ($169.86/SF).
  • Features three exam rooms, reception area, waiting room, two restrooms, and storage.
  • Includes two apartments; one is currently leased, generating immediate income.
  • Built in 1927, renovated in 1970.

Property Details for 518 Pyramid Way

Property type
Office properties, Medical offices
Square Feet
3,238 SF
Year Built/Renovated
1927/1970
Buildings
1
Stories
2

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.538265
Longitude
-119.7526085

FAQs

What type of property is this?
Office property - Prime Medical Office w/ Apartments
Where is the office property located?
The property is located at 518 Pyramid Way Sparks, NV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,238 SF medical office building in Sparks, NV, on a 0.21-acre lot (APN 033-241-13), zoned MUD.; Asking price: $550,000 ($169.86/SF).; Features three exam rooms, reception area, waiting room, two restrooms, and storage.
How can I contact the broker?
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518 Pyramid Way
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