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219 Kingsbury Grade

Stateline, NV 89449
  • $3,890,000
  • STATUS: Active
  • ON SITE: 227 Days
  • MLS #: 230003763
UPDATED: 84 min ago
$3,890,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,142
    SQFT
  • $168
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

Mixed-use zoning allows for hospitality, multi-family and/or commercial. Top floor units have full baths, separate A/C system and mountain, meadow, and Lake Tahoe views. Would be excellent, high-end apartments or executive office suites. Minutes to Heavenly Ski Resort, Edgewood Golf Course and Stateline casino corridor. New convention center will be opening in Summer of 2023. Barton Memorial Hospital is also relocating nearby. Heavy traffic counts year round with a diverse & complementary tenant mix. Approximately 1 hour from Reno Tahoe Int'l airport. Take advantage of Nevada's business-friendly tax climate. No state income tax and low property tax which does NOT reassess on sale. Seller has completed a major renovation of the property including interior remodel of most units; interior & exterior paint, metal façade installed, railing replaced, new ceiling panels, parking lot sealed & striped, new light fixtures, and flooring throughout; boilers, elevators, and fire sprinklers have been inspected, serviced and certified. Seller has stabilized rents and updated most leases to include CAMs for shared utilities and maintenance. Total square footage includes 5,734sf basement garage/warehouse that is leased. 10,000lbs vehicle-lift to basement garage. Pro forma based on current leases and 2022 expenses with assumptions for professional management and capital expense reserves. Current owner self-manages. Restricted gaming license may be transferrable to new owner. On-site manager may be available for rent collection, maintenance and other tasks.

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Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-12-06T00:19:37.767.
www.vaulethomes.com/homes/138808421
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219 Kingsbury Grade Stateline, NV 89449

  • Price: $3,890,000
  • Status: Active
  • On Site: 227 Days
  • Updated: 84 min ago
  • MLS #: 230003763
0
Beds
0
Baths
0
½ Baths
0.58
Acres
23,142
SQFT
$168
$/SQFT
1980
Built
Neighborhood:
Lower Kingsbury
County:
Douglas
Area:
Lower Kingsbury
Property Description
Mixed-use zoning allows for hospitality, multi-family and/or commercial. Top floor units have full baths, separate A/C system and mountain, meadow, and Lake Tahoe views. Would be excellent, high-end apartments or executive office suites. Minutes to Heavenly Ski Resort, Edgewood Golf Course and Stateline casino corridor. New convention center will be opening in Summer of 2023. Barton Memorial Hospital is also relocating nearby. Heavy traffic counts year round with a diverse & complementary tenant mix. Approximately 1 hour from Reno Tahoe Int'l airport. Take advantage of Nevada's business-friendly tax climate. No state income tax and low property tax which does NOT reassess on sale. Seller has completed a major renovation of the property including interior remodel of most units; interior & exterior paint, metal façade installed, railing replaced, new ceiling panels, parking lot sealed & striped, new light fixtures, and flooring throughout; boilers, elevators, and fire sprinklers have been inspected, serviced and certified. Seller has stabilized rents and updated most leases to include CAMs for shared utilities and maintenance. Total square footage includes 5,734sf basement garage/warehouse that is leased. 10,000lbs vehicle-lift to basement garage. Pro forma based on current leases and 2022 expenses with assumptions for professional management and capital expense reserves. Current owner self-manages. Restricted gaming license may be transferrable to new owner. On-site manager may be available for rent collection, maintenance and other tasks.
Exterior Features

Access Road Paved/Concrete Construction Tilt-Up Exterior StuccoMetal Siding Fenced None Foundation Basement/FinishedBasement/UnfinishedConcrete Slab Landscaped None Loading Loading in FrontLoading in RearVehicle Door Location Downtown AreaFree StandingShopping Center/Mall Parking Spaces 40 Roll Up Doors Other Roof MembraneFlat Sprinklers None

Interior Features

Ceiling Height 11 to 158 to 10Height Varies Flooring ConcreteCarpetLaminateSheet VinylStone Heating Cooling Natural GasAir UnitBaseboardForced AirHot Water System Interior Walls Sheet Rock Restrooms Three or MoreCommon Restroom(s) Stories 3 Story Water Heater Natural Gas Windows Double PaneMetal Frame

Property Features

Access Private w/Maint AgreementPublic Commercial Type Commercial Common Area Facilities Restrooms Current Use Retail-Office Documents On File Financial StatementsSurveyRental/Leases Hoa Fee 0 Hoa Payments Monthly Included In Monthly Fees None Other Features Auto BayAlley AccessDisplay WindowsElevatorFire AlarmFire EscapeFire SprinklerFire StairsSecurity LightingShelving Special Condition Of Sale None Utilities Varies per UnitCity SewerElectricityNatural GasTelephoneWater Meter InstalledCity/County Water Wiring 110 Volts220 Volts501 or More Amps Zoning Actual Tahoe - Mixed Use

Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional MLS. All rights reserved.
Listing provided courtesy of Dickson Realty - Gardnerville: .

Northern Nevada Regional MLS logo © 2023 Northern Nevada Regional Multiple Listing Service® MLS. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or Vaulet Group Real Estate at RE/MAX. Real estate listings held by brokerage firms other than Vaulet Group Real Estate at RE/MAX are marked with the BROKER RECIPROCITY logo or the BROKER RECIPROCITY thumbnail logo and detailed information about them includes the name of the listing brokerage. The data relating to real estate for sale on this web site comes in part from the BROKER RECIPROCITY Program of the Northern Nevada Regional MLS and is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-12-06T00:19:37.767.
 
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5905 S. Virginia St. Suite 300
Reno NV, 89502