DESERT HAVEN MOTEL
20 Unit Motel, Centrally Located in Downtown Area
Marketing description
20 UNIT MOTEL WITH EXCELLENT POTENTIAL
Well known, classic Americana non-operating motel located in the heart of central Lovelock. The Desert Haven Motel consists of 4,869 SF in two buildings, on a 17,124+- SF lot with plenty of parking. 20 rooms plus office. Some rooms have kitchens.
To Seller's knowledge the property can be operated as its current motel use or converted to apartments. Unique opportunity with big upside either way. Property appears to be in fair condition with deferred maintenance, ready for your upgrades/remodel.
Based on a nightly average rental rate of $70 per room, which is low as compared to competing motels in Lovelock, this property is capable of grossing well over $40,000 per month at full occupancy. Currently expanding mines and other local enterprises point to increasing short and long term housing demand now and in the future. Excellent investment and business opportunity.
Please do not enter onto the property without an appointment. Please call in advance to schedule a viewing.
Directions: The Desert Haven Motel is located at 435 9th St in Lovelock. The property is at the corner of Dartmouth Ave and 9th Street. Please note Google Maps does not accurately map the address, so please use the cross streets or the GPS coordinates to locate the property.
GPS 40.179109, -118.477169
Investment highlights
20 UNIT MOTEL WITH EXCELLENT POTENTIAL
Well known, classic Americana non-operating motel located in the heart of central Lovelock. The Desert Haven Motel consists of 4,869 SF in two buildings, on a 17,124+- SF lot with plenty of parking. 20 rooms plus office. Some rooms have kitchens.
To Seller's knowledge the property can be operated as its current motel use or converted to apartments. Unique opportunity with big upside either way. Property appears to be in fair condition with deferred maintenance, ready for your upgrades/remodel.
Based on a nightly average rental rate of $70 per room, which is low as compared to competing motels in Lovelock, this property is capable of grossing well over $40,000 per month at full occupancy. Currently expanding mines and other local enterprises point to increasing short and long term housing demand now and in the future. Excellent investment and business opportunity.
Please do not enter onto the property without an appointment. Please call in advance to schedule a viewing.
Directions: The Desert Haven Motel is located at 435 9th St in Lovelock. The property is at the corner of Dartmouth Ave and 9th Street. Please note Google Maps does not accurately map the address, so please use the cross streets or the GPS coordinates to locate the property.
GPS 40.179109, -118.477169
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