1251 S Virginia St - Freestanding FOR SALE


Reno, NV 89502
$4,650,000 USD
775-530-8842
1251 S Virginia St, Reno, NV for Sale
$4,650,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1251 S Virginia St
Reno, NV 89502


HIGHLIGHTS

  • Redevelopment Opportunity
  • Midtown Submarket
  • Frontage on S Virginia Street

OVERVIEW

SALE PRICE REDUCTION Exciting redevelopment opportunity in the heart of the Midtown district. 1251 S Virginia Street consists of 17,600 square feet on a 0.85 acre of land on a hard corner with excellent visibility to high traffic counts on South Virginia Street. The property is surrounded by an impressive assortment of the best restaurants and bars in Reno. Significant multifamily development in the area has and continues to add residential and commercial space to this submarket. Recent street improvements to this district have expanded sidewalks making it an ideal urban environment for walkability to restaurants and retail in the area. This 17,600 square foot building provides a unique opportunity to secure a large block of commercial space in the most sought after submarket in Northern Nevada with opportunity to redevelop the building in a multi-tenant project or build new. The MU-MC zoning allows for a wide variety of uses.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Antique Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

MU-MC

APN/PARCEL ID

014-125-14

ASK ABOUT THIS PROPERTY

Matt GrimesCBRE, Inc.More Info
775-530-8842

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Matt GrimesCBRE, Inc.More Info
775-530-8842

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