Income Property With Redevelopment Potential

— A Hospitality Asset with Room to Grow — 24 units, 3.52 acres, and a flexible site plan create a rare opportunity for income, repositioning, or redevelopment — The Mill House Inn Motel offers a strategic investment opportunity within Carson City’s South Carson Redevelopment District, combining current operational value with long-range development potential. Set on approximately 3.52 acres along a visible South Carson Street corridor, the property includes 24 total motel units across three buildings, paved parking for approximately 30 vehicles, and an outdoor setting designed for guest convenience and extended-stay use. The property configuration includes a 10-unit motel building with a small office, a second 14-unit motel building, and a separate main office building. Among the 24 units is a spacious three-bedroom manager’s unit of approximately 1,200 square feet, with the remaining units measuring approximately 400 square feet each. An in-ground pool and outdoor common area add lifestyle appeal, creating a sense of arrival and community that supports continued hospitality, monthly rental, or potential repositioning concepts. With a pro forma cap rate of 6 percent, the offering provides an investor with a meaningful foundation for income-oriented ownership, while the remainder parcel invites a broader vision for future development, subject to buyer verification and required approvals. Whether maintained as a boutique motel, adapted for extended-stay lodging, or considered as part of a larger redevelopment strategy, 3251 S Carson Street offers scale, frontage, land, and flexibility in one of Carson City’s key redevelopment areas. For the buyer with imagination and discipline, the Mill House Inn is more than an existing hospitality asset. It is a property with room to evolve, improve, and help shape the next chapter of South Carson.