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500 W Oak St., Elko, NV. 89801
Active
.25 Acres
Hospitality
1976/ Renovated 2024
10,716 SF
001-144-004
19 Keys with Managers Suite
This independent hotel features 19 updated rooms—11 King Suites and 8 Double Queens—across a two-story wood-frame building on a commercially zoned quarter-acre lot. With a 62% occupancy rate and a 12.54% cap rate, the property delivers attractive returns for an owner/operator or investor seeking a well-maintained, income-producing asset.
In 2024, the property underwent a full renovation including new windows, upgraded FF&E, brand new 55” LG TVs, all-wood floors, and a complete security camera system. Additional income is generated through leased vending machines, an ATM, and an ice machine. With no franchise affiliation, there are no transfer fees, liquidated damages, or PIP obligations—giving ownership full operational control with minimal ongoing capital requirements.
