Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8% cap rate for the leased spaces and $70,000 were given towards the 2 additional parcels.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale Commercial | $1,320,000 | $154 | Coldwell Banker Commercial Excel |
| Year | Annual Amount | Description |
|---|---|---|
| $6,631 |
Elementary School Mound Valley Elementary School | 0.3 miles away | KG - 07 | |
Elementary School Elko Grammar School #2 | 0.3 miles away | KG - 06 | |
High School Elko High School | 0.5 miles away | 06 - 12 |