780 Lincoln WaySparks, NV 89434

Property Details for 780 Lincoln Way

Year built

1968

Construction

WOOD

Lot size

0.93 AC

Property size (Sq ft)

2,409 SF

Zone code

MUD

Property type

Office buildings

APN

037-011-03

APU

3701103

Description

This exceptional 2,409-square-foot freestanding office building in Central Sparks, Nevada, presents a fantastic opportunity. Located at 780 E Lincoln Way, 89434, this single-story, 2,904-square-foot building boasts a completely renovated interior (2021), featuring fresh paint and new flooring. The entire space is currently vacant and ready for immediate occupancy. The property offers ample parking, a highly desirable location near the Sparks Marina, and convenient access to the freeway and McCarran Boulevard. Its proximity to restaurants further enhances its appeal. The building is situated in Washoe County within the Central Sparks submarket. Tenants are responsible for utilities and janitorial services. This is a single-tenant property, offering a unique opportunity for a business seeking a modern, well-maintained, and conveniently located office space. The property's address is easily accessible and provides excellent visibility. The updated interior creates a professional and inviting atmosphere, perfect for a variety of businesses. This turnkey solution eliminates the need for extensive renovations, allowing for immediate business operations.

• CAP approach

  CAP return

  Valuation

  6%

  $362,047

  6.5%

  $334,197

  7%

  $310,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $551,637

  Geo Method

  $551,637

• Alternative Use

  Use

  Valuation

  Residential

  $414,404

  Hospitality

  $379,592

  Educational

  $315,816

  Medical

  $326,678

  Retail

  $491,270

Location Insight

City

Sparks

County

Washoe

State

Nevada

Latitude

39.5374

Longitude

-119.733

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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