Created date: October 1, 2024
Date last updated: October 1, 2024
- Downtown Carson City Value Add Hotel
- 37,838 sqft 4 story Hotel
- 3,354 sqft Storage/Entertainment Building
- Close to South Lake Tahoe, Tahoe Reno Industrial Center and Reno, NV
- Close to Downtown Carson City.
Property Description
The Former Carson Tahoe Hotel is a blank canvas ready for an investor to come and put their stamp on a central parcel of downtown Carson City, Nevada. This boutique hotel building offers 86 total rooms, lobby entrance, storage rooms, and a large garage entertainment area with the possibility of a roof top patio, on a 0.68 lot. The hotel is currently vacant and the possibilities are endless. Priced below comparable sales
leaving upside for a Buyer. Carson City is the state capital of Nevada and houses many government buildings, legislative meetings, and is a short distance to Tahoe Reno Industrial Center (the largest industrial park in the world) and South Lake Tahoe. The area sees many visitors seeking both recreation and business.
The Carson Tahoe Hotel is located within the Downtown Carson City submarket which offers great access to all that Carson City offers including restaurants, downtown Carson, casinos, retail centers, bus lines, and community events all just steps from their front door. Tenants and guests can access bus lines, major thoroughfares, highways, and diverse employment options. The property’s Carson City location is consistently attracting residents looking for an excellent quality of life and affordable housing options. With limited housing inventory, the demand for rental properties has steadily increased, resulting in a healthy rental market within the Carson City submarket.
Carson City is a short commute to Reno, Minden, Garnerville, Douglas, South Lake Tahoe, and the Tahoe Reno Industrial Center. This submarket is a thriving rental market in northern Nevada.