$20,000 Active
1070 Cornell Avenue
Lovelock, NV 89419
STR Status Unknown

About This Property

READY-TO-BUILD COMMERCIAL CITY LOT WITH UTILITIES 3,720 sq ft (per Tax Assessor's map) finished lot at 1070 Cornell Ave, Lovelock, NV 89419. Zoned commercial, on the main thoroughfare through Lovelock, also known as Business Route 80. Only 130 feet from the stoplight at the corner of Cornell Ave and Main St, and highly visible therefrom. Electric, phone, water, sewer, and natural gas are all present along Cornell Ave, readily connectable. City alley adjacent to property along its south side., READY-TO-BUILD COMMERCIAL CITY LOT WITH UTILITIES 3,720 sq ft (per Tax Assessor's map) finished lot at 1070 Cornell Ave, Lovelock, NV 89419. Zoned commercial, on the main thoroughfare through Lovelock, also known as Business Route 80. Only 130 feet from the stoplight at the corner of Cornell Ave and Main St, and highly visible therefrom. Electric, phone, water, sewer, and natural gas are all present along Cornell Ave, readily connectable. City alley adjacent to property along its south side. Curb, gutter, sidewalk, and driveway existing along street in front of lot. Low building costs thanks to all these preexisting improvements. APN 001-136-02 in Pershing County GPS 40.180354, -118.474093 Directions: I-80 exit 106, go west on Main St, turn right at the stoplight onto Cornell Ave. From this point, property is 130 feet ahead on your right. There is a billboard sign structure and a large apricot tree on the property. Please note if you enter the address into Google Maps, it will show the correct street but may not accurately locate the address on the street.

Listed by Robert Kennerson — Desert Acreage

Listing Details

Status Active
MLS # 240001197
Days on Market 852

Property History

Feb 04, 2024
Listed for sale
$20,000
Property Overview
Lot Size 0.09 acres
Property Type Land
Subdivision Orig Townsite
APN 001-136-02
Exterior & Lot
Lot Features Level, Corners Marked, Curbs, Sidewalks
View City
Financial
Annual Tax $89
Schools
Elementary School Lovelock
Middle School Pershing
High School Pershing
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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% ($4,000)
Home price
$20,000
Loan details
30-yr fixed, 6.5%
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Kristina Mattson
Kristina Mattson
Broker - Owner
CA 01950662

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