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219 Kingsbury Grade Stateline NV 89449 | MLS 180006732

219 Kingsbury Grade
Stateline, NV, 89449
$2,475,000
Beds
Baths
17,408 SqFt
0.58 Acres
Attention all investors. This commercial office building is currently producing 240,000 in gross income annually with a huge upside potential. Net Income potential with full occupancy is over $240,000 and could produce a near 10% cap rate. Vacancies include 3 owner held units and a 5000 square foot basemant/warehouse opportunity. Improvements in the last year include: New Roof, TRPA Bmp Certification, New Hvac units, parking lot sealing, remodeled units, common area upgrades.

Property Details

Price:
$2,475,000
MLS #:
180006732
Status:
SOLD (Nov 30, 2018)
Address:
219 Kingsbury Grade
Type:
Commercial
City:
Stateline
Listed Date:
May 17, 2018 (371 days)
State:
NV
Square Ft (approx):
17,408
ZIP:
89449
Lot Size:
25,264 sqft / 0.58 acres (approx)
Year Built:
1980

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Courtesy of Chase International – ZC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Northern Nevada Regional MLS. Detailed information about real estate listings held by brokerage firms other than Got It! Real Estate include the name of the listing broker. Neither the listing company nor Got It! Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2019. Northern Nevada Regional MLS. All rights reserved.
219 Kingsbury Grade
Stateline, NV