812 Musser StCarson City, NV 89701

Property Details for 812 Musser St

Year built

1938

Lot size

0.23 AC

Property size (Sq ft)

1,064 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

004-171-11

APU

417111

Description

This exceptional Carson City property, located at 812 E Musser St, presents a unique investment opportunity. The mixed-use building, totaling 1,064 square feet, sits on a substantial 10,018 square foot lot and is zoned for residential office use. Built in 1951 (with a previous construction date of 1938), the two-story building features a traditional office space within a larger structure. The property offers significant development potential, given its flat, open lot and Residential Office zoning, potentially allowing for multi-family unit development with a special use permit. The existing structure includes a three-bedroom, one-and-a-half-bathroom home, offering immediate income potential or the ability to renovate and occupy. Amenities include a one-car garage, carport, and ample off-street parking. The asking price is $350,000. Financing must be a commercial loan due to the highest and best use being commercial. This property is ideal for investors seeking a blend of immediate income and long-term development prospects in a desirable Carson City location. The property is currently back on the market due to circumstances unrelated to the property itself.

• CAP approach

  CAP return

  Valuation

  6%

  $212,330

  6.5%

  $195,997

  7%

  $181,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $243,645

  Geo Method

  $243,645

• Alternative Use

  Use

  Valuation

  Residential

  $243,036

  Hospitality

  $222,619

  Educational

  $185,217

  Medical

  $191,587

  Retail

  $288,115

Location Insight

City

Carson City

County

Carson City

State

Nevada

Latitude

39.1648

Longitude

-119.76

CBSA code

16180

CBSA name

CARSON CITY, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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