22 Hillcrest Dr - Retail FOR SALE


Reno, NV 89509
$2,500,000 USD
775-313-1544
22 Hillcrest Dr, Reno, NV for Sale
$2,500,000 USD
Retail - FOR SALE
1/19
null | 6.88% Cap Rate

22 Hillcrest Dr
Reno, NV 89509


OVERVIEW

Proudly presenting a stabilized commercial real estate opportunity situated in the heart of Reno’s bustling business district. This property features three stand-alone buildings, collectively housing 10 premium tenants specializing in beauty and wellness. Each building has been meticulously updated to meet the highest standards of modern commercial use. Recent renovations include brand new siding on all structures, new roofing, and a freshly paved asphalt parking lot, ensuring low maintenance and high durability. The interiors of each unit have been beautifully renovated, offering stylish, contemporary spaces that are turnkey ready for business operations. Strategically located directly across from the Reno Experience District, this property benefits from high foot traffic and visibility. The RED is a vibrant, new development featuring high-density luxury apartments and a variety of experiential venues, significantly boosting the area’s appeal and consumer presence. Additionally, the property is situated across from Tokyo Sushi, one of the busiest strip malls in Reno, further enhancing its desirability for business tenants due to the excellent locale. This is a rare chance to own a prime piece of commercial real estate in a sought-after area of Reno, perfect for investors looking for stable cash flow and strong potential for asset appreciation. Don’t miss out on this exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$698 USD /SF

CAP RATE

6.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,128 SF

ZONING

MU

APN/PARCEL ID

019-052-17

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.