120 Thoma St - Storefront Retail/Residential FOR SALE


Reno, NV 89501
$2,750,000 USD
775-313-1544
120 Thoma St, Reno, NV for Sale
$2,750,000 USD
Storefront Retail/Residential - FOR SALE
1/31
null | 5.85% Cap Rate

120 Thoma St
Reno, NV 89501


HIGHLIGHTS

  • Fantastic Midtown Location
  • Newly Renovated Top to Bottom
  • Off Street Parking

OVERVIEW

Welcome to 120 Thoma Street! Located in the bustling heart of Midtown Reno, this exceptional retail and residential commercial investment property offers a dynamic blend of business and living spaces. Featuring five thriving retail tenants and four modern residential apartments, this property provides a diverse income stream from multiple sources, all under one roof. Prime Location: Situated in the vibrant Midtown area, renowned for its energetic atmosphere, trendy shops, and popular eateries. This location ensures high foot traffic and visibility, making it an ideal spot for retail businesses. Mixed-Use Income Potential: Benefit from the synergy of retail and multifamily units. The combination of commercial and residential spaces provides a steady and diversified revenue stream, reducing investment risk. Off-Street Parking: Ample off-street parking facilities cater to both tenants and customers, enhancing convenience and accessibility. Prominent Signage: A large monument sign prominently displays the businesses housed within, drawing attention and enhancing visibility from the busy streets. Artistic Appeal: The building is adorned with striking murals that not only add to its aesthetic appeal but also contribute to the cultural and artistic vibe of Midtown Reno. These murals serve as an eye-catching feature, attracting visitors and customers alike. Additional Amenities: The property boasts a range of additional benefits, including well-maintained common areas, modern infrastructure, and a supportive community atmosphere. 120 Thoma is a rare opportunity to invest in a mixed-use space that offers both immediate returns and long-term value appreciation. Whether you're an investor looking to expand your portfolio or a business owner seeking a prime location, this Midtown Reno gem is a perfect fit. Don't miss out on the chance to own a piece of one of the most sought-after neighborhoods in Northern Nevada.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

MU-MC

APN/PARCEL ID

011-234-01

ASK ABOUT THIS PROPERTY

Batuhan ZadehMarmot PropertiesMore Info
775-313-1544

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Batuhan ZadehMarmot PropertiesMore Info
775-313-1544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.