This 26,510-square-foot, 63-unit hospitality property, built in 1966, presents a remarkable opportunity for investors or developers to transform a strategically located asset in Reno’s downtown district. With flexible zoning and proximity to major cultural and entertainment hubs, this property is well-positioned for redevelopment or operational upgrades. Property Highlights -Building Size: 26,510 square feet -Units: 63 hospitality units with redevelopment potential -Year Built: 1966 -Building Class: C -Property Type: Hospitality Investment Opportunity -Value-Add Potential: Modernize interiors and exteriors to elevate property value and attract higher-income tenants or guests. -Flexible Zoning: MD-ED zoning supports a wide range of redevelopment opportunities, including hospitality, mixed-use, or government-focused projects. -Revenue Upside: Enhance operational efficiency and amenities to improve cash flow and market appeal. Prime Location -Located in Reno’s downtown core, close to the University of Nevada, Reno (UNR), and major attractions. -Walking distance to dining, shopping, and cultural hubs. -Easy access to public transportation and highways, ensuring steady demand.