161 Country Estates Cir
Reno, NV 89511 Outer South Reno

• Unit Size: 2,260 SF
• Condo Use: Office/Retail
• Price: $1,500,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $663.72 USD

Description

The pool is approximately 50 feet by 20 feet with depths of 3’, 4’ and 4’6” and an ADA lift in place. The facility has a shower/locker room, restroom, and pool equipment room.

Sale Notes

Colliers is pleased to present 161 Country Estates #3, Reno, NV, 89511 for sale. The property is currently a swim school with a heated indoor saltwater pool. The property is ready for a swim school, water fitness, aquatic physical therapy center and other similar uses. The property is an end-cap condo unit in a professionally managed commercial association. The unit is situated in the rear of the complex with privacy as well as a serene setting with lush landscaping. The end-cap provides windows on 3 sides of the property providing natural light and a great views. 

The property was built in 2004 and Bridgewater Swim Academy has owned the property since 2014. The property and pool has been very well maintained by the same owner since built. The cost of the property is well below replacement cost of the pool and infrastructure. Current construction costs as well as construction timeline make this is existing structure superior to a new build. The current occupant/operator is willing to include the client list and phone number to the buyer.

Preliminary utilities of approximately $0.40/SF/MO and annualized utilities of approximately $4.83/SF/YR. These figures should be validated against full-year historical bills and any known pool-related utility seasonality before being used in final buyer underwriting.

*Seller Financing may be available for qualified buyers*

***Building being sold vacant but is currently occupied. Please do not disrupt the tenant; contact broker to arrange property tours***