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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30878586
31305568

140 Court St, Reno, NV 89501

KA
NV NV 1000617
ArchCrest Commercial Partners LLC
JW
NV 0201882
ArchCrest Commercial Partners LLC
TC
NV NV #BS.53093.pllc
ArchCrest Commercial Partners LLC
Listed by ArchCrest Commercial Partners LLC
$3,000,000
86 days on market
Updated 2 days ago

Old Legacy Vacation Resorts Reno

Details
Property Type Multifamily, Hospitality (+1)
Sub Type Hotel
Square Footage 55,471
Units 93
Price per SqFt $54
Investment Type Value Add

Value-Add Multifamily Redevelopment Opportunity

Marketing description

The ownership interest in 140 Court Street, Reno, Nevada, presents an opportunity to acquire a controlling interest in a 93-unit resort (approval for 95 units) property in downtown Reno at a substantial discount to replacement cost. All 93 units include kitchenettes, and the property features an indoor pool, sauna, fitness center, game

room, and 71 covered parking spaces across three separate areas.

The sale conveys full control of the property, which includes all timeshare interests currently held by the Declarant ( + affiliated parties), along with the Declarant's legal rights to pursue non-judicial foreclosure on interests currently in default. The foreclosure process has been initiated with retained legal counsel, and those rights transfer to the buyer at the close of escrow.

Listing Contacts

KA
NV NV 1000617
ArchCrest Commercial Partners LLC
JW
NV 0201882
ArchCrest Commercial Partners LLC
TC
NV NV #BS.53093.pllc
ArchCrest Commercial Partners LLC
Listed by ArchCrest Commercial Partners LLC

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Additional Information

Name
Kevin Annis SIOR, CCIM
License
NV 1000617
Brokerage Phone
7758529800
Name
Jonathan Wenthe
License
0201882
Brokerage
Jonathan Wenthe
Brokerage Phone
7759002852
Title
Director
Brokerage Address
5530 Reno Corporate Drive
Name
Todd Collins
License
NV #BS.53093.pllc
Brokerage
Todd Collins
Brokerage Phone
775-852-9800
Title
Sr. Director
Brokerage Address
5530 Reno Corporate Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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