1401 S Virginia St - Storefront Retail/Office FOR SALE


Reno, NV 89502
$7,995,000 USD
775-800-4100
1401 S Virginia St, Reno, NV for Sale
$7,995,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | 6.85% Cap Rate

1401 S Virginia St
Reno, NV 89502


HIGHLIGHTS

  • Mixed-Use Investment opportunity in MidTown
  • Frontage along S. Virginia St.
  • Variety of tenants including restaurant, retail, coffee, and office users

OVERVIEW

1401 S. Virginia St. is a +/- 21,198 SF multi-tenant 1950's Former Bank building located in the heart of the MidTown district. The original building was a +/- 9,000 SF with an additional +/- 12,000 SF of new construction added. The original structure has 28' of clear height and built of 100% brick. The historic Reno property was fully redeveloped in 2016 with improvements including a new elevator, new façade, second-story deck, new roof, new electrical, increased building security, and new HVAC. The property's location and prominence within Reno's burgeoning MidTown district represents some of the most highly sought-after retail and office locations in the city. Current retail trends in the market point to increased activity, new businesses, and continued rent growth in MidTown.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1401 Midtown

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

MU-MC

APN/PARCEL ID

014-133-15

ASK ABOUT THIS PROPERTY

Ian CochranLogic Commercial Real EstateMore Info
775-800-4100

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Ian CochranLogic Commercial Real EstateMore Info
775-800-4100

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