235 Lake St - Storefront Retail/Office FOR SALE


Reno, NV 89501- Downtown Reno
$4,700,000 USD
775-313-1544
235 Lake St, Reno, NV for Sale
$4,700,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 6.48% Cap Rate

235 Lake St
Reno, NV 89501
Downtown Reno


HIGHLIGHTS

  • 100% Newly Renovated
  • Excellent Location - Steps from the Aces Ballpark
  • Iconic Downtown Brick Building

OVERVIEW

Introducing the Santa Fe Building at 235 Lake Street - the epitome of historic charm fused with contemporary elegance. Perfectly positioned in the pulsating heart of Downtown Reno, this iconic retail investment has recently been revived through an extensive remodeling, subtly blending its storied past with a modern touch. The ground floor is graced by a beloved Basque restaurant, a culinary institution that's been serving mouth-watering delights in the building for over two decades. Sharing the same floor, Rockwood Construction makes its home, a key player known for their ambitious projects, including the Ballpark Apartments right across the street. Venture upstairs to discover the true versatility of the Santa Fe Building. The second level boasts 20 suites, each equipped with a sink, housing an eclectic mix of enterprises — from hairstyling to massage therapy, tattoo artistry to traditional office setups. For the convenience and comfort of all tenants, the second floor also provides a communal kitchen, shower, laundry room, ultra-fast WiFi, and a state-of-the-art security system. With 4K Ubiquiti cameras vigilantly placed and a coded door access, peace of mind is guaranteed. Immerse yourself in the enchanting tale of this historic building while reaping the rewards of a high-quality investment bolstered by remarkable tenants. Poised on the same block as the highly anticipated Harrah's conversion project, and in proximity to 369 units of new apartments across the street, Santa Fe is in the hub of the city's dynamic growth. Welcome to 235 Lake Street, where history, culture, and business bloom together in a vibrant symphony. Your ideal investment awaits in the Santa Fe Building.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$224 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,011 SF

ZONING

MD-ED

APN/PARCEL ID

011-071-06

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.