$6,500,000

1003 Tahoe Boulevard

Incline Village NV, 89450

Description

The Parkside Inn is one of Incline Village's most unique and robust commercial opportunities, consisting of 38 beautifully-appointed rooms configured in two wings, one with a motel-type exterior entry, and the other wing with hotel-type interior access, The Inn features a library/TV lounge, a large game room and a nice indoor pool and spa. Parking allocates apprx one space per room including a rare underground parking facility. The Parkside is also unique in providing a free-standing, two story/two bedrm manager's residence. The owners have a highly-regarded on-site husband-wife mgmt team running the Inn. Parkside Inn guests can arrange access to Incline Beaches. Note: despite strong NOI we have lowered the price of the Inn from $8m (6% ROI) to $6.5m

Details

MLS#1006681
Listing TypeFor Sale
Sub-TypeResale
StatusContingent
Year1977
Days On Site159

Features

SQ Feet17,838
Story(s)2
Acreage0.54
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Area Information
StateNV
CountyWashoe County
CityIncline Village
Zip Code89450
AreaCentral South of Hwy 28
Listing VS Median (in 89450)
Price:
$6,500,000
low | high
Med:
$2,375,000
100% of Average
SqFt:
17,838
low | high
Med:
2,912
100% of Average
$ / SqFt:
$364
low | high
Med:
$816
73.823172020287% of Average
On Site:
159
low | high
Med:
109
100% of Average
Listing Updated: 10/25/2020
Michael Willette LogoMLS Number: 1006681
Listing Provided By:
Michael Willette  of  Corcoran Global Living

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Incline Village Realtors®.