For Sale
$899,000

1000 C StHawthorne, NV 89415

7-Unit Mixed-Use Property, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 7-unit mixed-use property located at 1000 C St, Hawthorne, NV 89415. The property encompasses two buildings totaling 9,576 square feet on a 0.83-acre lot (APN: 001-011-24), zoned C1. Built in 1973 and 1976, the complex includes four office spaces, two recently remodeled apartments, and a storage unit. The property boasts a strong historical occupancy rate, anchored by a long-term tenant (State of Nevada) occupying space for over 20 years, with lease renewal discussions underway. The Rural Clinics lease was recently renewed for five years. The Welfare office is also in final discussions regarding an expansion. Two remodeled, two-bedroom apartments are currently available. The property offers significant upside potential for increased rental income through lease renewals and achieving 100% occupancy. The asking price is $899,000, representing an attractive 8% cap rate with a current NOI of $891,378. This property is ideal for both investors seeking strong returns and owner-users looking to occupy approximately 1,553 square feet of available office space. The property's strong tenant base, favorable lease terms, and potential for rental growth make it a compelling investment opportunity in a desirable location.

Highlights

  • $899,000 asking price.
  • Multifamily, office, and self-storage property with 9,576 square feet.
  • 8.00% cap rate with a $891,378 NOI.
  • Seven units, including four office spaces and two recently remodeled apartments, plus one storage unit.
  • Two buildings totaling 9,576 square feet, built in 1973 and 1976, situated on a 0.83-acre lot in Hawthorne, NV.

Property Details for 1000 C St

Property type
Office properties, Self storage facilities
Square Feet
9,576 SF
Year Built
1973
Buildings
2
Stories
2
Lot Size (sq. ft)
36,155 SF
Units
7

Location Insight

City
Hawthorne
County
Mineral
State
Nevada
Latitude
38.5325547
Longitude
-118.6259918
1000 C St, Hawthorne, Nevada

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1000 C St
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