2597 Mill St - Office FOR SALE


Reno, NV 89502- Sierra Meadows
$9,700,000 USD
775-400-1221
2597 Mill St, Reno, NV for Sale
$9,700,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

2597 Mill St
Reno, NV 89502
Sierra Meadows


HIGHLIGHTS

  • This property sits directly at gateway entrance to the Grand Sierra Resort
  • Offers flexibility and adaptability for a range of retail businesses from retail and restaurants to light industrial & flex

OVERVIEW

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Mill Grand Gateway

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,813 SF

ZONING

MU

APN/PARCEL ID

012-220-19,012-220-36

ASK ABOUT THIS PROPERTY

JB BennaCompassMore Info
775-400-1221

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JB BennaCompassMore Info
775-400-1221

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