775-250-4684
1085 S Virginia St, Reno, NV for Sale
Storefront Retail/Office - FOR SALE
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1085 S Virginia St
Reno, NV 89502
Midtown Reno


OVERVIEW

1085 S. Virginia Street presents an opportunity to acquire a 100% leased, 7,707 SF retail investment in the heart of Midtown Reno. The property is occupied by two established tenants and generates $259,244 in annual NOI, with operating expenses reimbursed by the tenants. 1085 S Virginia St Flyer 92826 The investment is anchored by Jade Dispensary, occupying 3,479 SF under a new 5-year NNN lease to be in place at closing, along with The Studio, occupying 4,228 SF with a lease through December 31, 2029. Jade has made significant specialized improvements to the premises, creating additional incentive for long-term occupancy. Located along the S. Virginia Street corridor in Midtown, the property benefits from strong visibility, 72 feet of frontage, 29 surface parking spaces, and a 0.40-acre parcel. The offering combines durable in-place income with a high-visibility infill location in one of Reno's most established retail and entertainment districts.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blum Reno

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

AC, Reno

APN/PARCEL ID

014-064-26

ASK ABOUT THIS PROPERTY

Matt HarrisStreet Commercial Real EstateMore Info
775-250-4684

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Matt HarrisStreet Commercial Real EstateMore Info
775-250-4684

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