400 Howerton HlTonopah, NV 89049

  • Office properties
  • 3,447 SF
For Sale
$499,000 View listing

Property Details for 400 Howerton Hl

Year built
1994
Lot size
1.30 AC
Property size (Sq ft)
3,447 SF
Property type
Office properties
Property subtype
Other office properties

Description

This exceptional Class A, 3,447 sq ft office building in Tonopah, Nevada, presents a compelling investment opportunity. Built in 1994, the single-story structure sits on a 1.3-acre lot and features 10 parking spaces. Currently, a portion of the building is occupied by a government tenant under a net lease agreement (NN+), with a lease term expiring September 30, 2024. The property is divided into three units, with one unit (1359 sq ft) leased to the Nevada Division of Wildlife, while two additional units (1350 sq ft and 646 sq ft) are available for lease. The asking price is $499,000, representing a price per square foot of $144.76 and a price per unit of $166,333.33. The property's Net Operating Income (NOI) is $1,651, resulting in a 0.33% cap rate. The property's address is 400 Howerton Hill, Tonopah, NV 89049. The building's current occupancy is 50%, with the lease commencing October 1, 2019. This property offers a unique opportunity to acquire a well-constructed building in a desirable location with potential for increased rental income. The property features air rights of 3,447 sq ft. No rent bumps are included in the lease agreement. The property is owned by an LLC and the APN is 008-291-18.

400 Howerton Hl, Tonopah, Nevada

Location Insight

City
Tonopah
County
Nye
State
Nevada
Latitude
38.0612
Longitude
-117.218

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