$58,000 Active
TBD Spruce Road
Elko, NV 89801
STR Status Unknown

About This Property

Prime commercial lot located on Spruce Road in the heart of Elko's growing retail corridor. This 0.77-acre parcel offers excellent visibility and accessibility, situated directly behind major national retailers and adjacent to a well-established hotel, making it ideal for a variety of commercial or hospitality uses. The property is zoned Commercial (C), allowing for flexible development options such as retail, office, or service-oriented businesses. With strong traffic counts, nearby amenities, and a central location within one of Elko's most active commercial areas, this parcel presents a valuable opportunity for investors or developers seeking exposure and long-term growth potential. Utilities are nearby, and the surrounding area continues to see steady commercial expansion.

Listed by Sierra Petersen — Coldwell Banker Excel

Listing Details

Status Active
MLS # 250057855
Days on Market 212

Property History

Nov 05, 2025
Listed for sale
$58,000
Property Overview
Lot Size 0.77 acres
Property Type Land
APN 001-660-0AC
Exterior & Lot
Lot Features Sloped Down
Financial
Annual Tax $1,283
Schools
Elementary School Out of Area
Middle School Out Of Area
High School Out Of Area
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STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

Permitted Zone
STRUCTURAL SCORE Excellent
87
PROJECTED ANNUAL REVENUE
$142,500 ($118K – $167K range)
~$11,875 per month
Avg Nightly
$485
Occupancy
68%
Cap Rate
5.2%

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$0 per month
Principal & interest
$0
Property taxes
$0
HOA dues
$0
From MLS listing data.
Home insurance
$0
Insurance estimate only — Tahoe wildfire-zone rates vary; get a local broker quote for accuracy.
Down payment
20% ($11,600)
Home price
$58,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662
530.613.5207

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