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219 KINGSBURY GRADE
Stateline, NV 89449

$2,475,000 Price reduced from $2,975,000 (-$500,000)
  • -- Beds
  • -- Baths
  • 17,408 sqft
  • Commercial | Commercial
  • Active
219 KINGSBURY GRADE, Stateline - 45225001
219 KINGSBURY GRADE, Stateline - 45225002
219 KINGSBURY GRADE, Stateline - 45225003
219 KINGSBURY GRADE, Stateline - 45225004
219 KINGSBURY GRADE, Stateline - 45225005
219 KINGSBURY GRADE, Stateline - 45225006
219 KINGSBURY GRADE, Stateline - 45225007
219 KINGSBURY GRADE, Stateline - 45225008
219 KINGSBURY GRADE, Stateline - 45225009
219 KINGSBURY GRADE, Stateline - 45225010
219 KINGSBURY GRADE, Stateline - 45225011
219 KINGSBURY GRADE, Stateline - 45225012

Property Description for 219 KINGSBURY GRADE, Stateline NV 89449

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 Class: Commercial
  • Listing Status: Active
  • City: Stateline
  • State: NV
  • Zip: 89449
  • Area: 604 -Lower Kingsbury
  • County: Douglas
  • Class: Commercial
  • Property Subtype: Commercial
  • Approx Lot Size: 0.580
  • Stories: 3
  • Baths (F/H): -- / --
  • Living Area (SqFt): 17,408 sqft
  • Lot Sq Ft Apx: 25264
  • Year Built: 1980
  • Listing#: 180006732
  • List Date: 5/17/2018
  • Last updated on: 7/21/2018

Property Features for 219 KINGSBURY GRADE, Stateline NV 89449

  • ACCESS ROAD: Paved/Concrete
  • ACCESS TYPE: Public
  • EXTERIOR: Stucco
  • FLOORING: Carpet, None
  • INCL IN MONTHLY FEES: Electricity, Gas, Insurance, Real Estate Taxes, Trash, Water, Sewer
  • LANDSCAPED: None
  • RESTROOMS: Three Or More
  • ROOF: Membrane, Flat
  • WINDOWS: Double Pane
  • COMMON AREA FACILITIES: Restrooms
  • FOUNDATION: Concrete Slab
  • HEATING/COOLING: Natural Gas
  • LOADING: Drive-In
  • OTHER FEATURES: Auto Bay, Elevator
  • SPRINKLERS: None
  • WATER HEATER: Natural Gas
  • CEILING HEIGHT: Height Varies
  • FENCED: None
  • GREEN FEATURES: None
  • INTERIOR WALLS: Paneled
  • LOCATION: Free Standing
  • ROLL-UP DOORS: Other
  • UTILITIES: City Sewer, Electricity, Natural Gas, Telephone, City/County Water
  • WIRING: 220 Volts

Additional Information for 219 KINGSBURY GRADE, Stateline NV 89449

  • Construction: Wood Frame
  • Current Use: Retail-Office
  • HOA: No
  • Num of Buildings: 1
  • Num of Parking: 22
  • Num of Units: 20
  • Price Per SQFT: $142
  • Special Condition of Sale: None
  • Area: 604 -Lower Kingsbury
Courtesy of Paul Windt, Chase International - ZC
Copyright 2018, Northern Nevada Regional MLS. All Rights Reserved.
Information deemed reliable, but not guaranteed. Based on information from the Northern Nevada Regional MLS.