202 Carson StCarson City, NV 89701

Property Details for 202 Carson St

Year built

1926

Lot size

0.23 AC

Property size (Sq ft)

9,426 SF

Zone code

DT-MU

Property type

Office buildings

APN

003-213-03

APU

321303

Description

This exceptional Carson City retail property, located at 202 N Carson St, presents a unique investment opportunity. The building boasts a substantial 10,089 square feet of versatile space, previously utilized as both a restaurant and a bank, offering significant potential for a variety of uses. The asking price is $1,500,000. The property features excellent street visibility and accessibility, with frontage on Carson, Musser, and Curry Streets, ensuring high traffic and exposure. In addition to the main floor space, there is also an unfinished basement area of approximately 2,720 square feet, providing further expansion or storage possibilities. The property's location in the vibrant city of Carson City, Nevada (zip code 89701), offers a strong foundation for a successful business venture. The building's size and adaptable layout make it suitable for a range of commercial enterprises. This is a rare chance to acquire a substantial retail property in a desirable location with significant upside potential. The property's strategic position and ample square footage make it an attractive investment for both established businesses and new ventures seeking a prominent presence in Carson City. The combination of main floor space and the unfinished basement provides flexibility for future development and customization. Serious inquiries are encouraged to explore this compelling investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $2,131,840

  6.5%

  $1,967,850

  7%

  $1,827,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,158,460

  Geo Method

  $2,158,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,977,020

  Retail / Commercial

  $2,019,280

  Mixed-Use / Specialty

  $1,996,220

  Hospitality / Lodging

  $1,443,920

  Institutional / Educational

  $2,069,600

  Residential Income

  $2,421,430

  Multifamily

  $2,992,030

  Automotive / Energy

  $1,773,940

  Parking / Income-Based Land

  $627,831

  Restaurant / Food Service

  $1,004,410

  Healthcare / Senior Housing

  $2,063,350

Location Insight

City

Carson City

County

Carson City

State

Nevada

Latitude

39.1647

Longitude

-119.767

CBSA code

16180

CBSA name

CARSON CITY, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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