12 W Taylor St - Retail FOR SALE


Reno, NV 89509- Midtown Reno
$899,000 USD
775-870-7142
12 W Taylor St, Reno, NV for Sale
$899,000 USD
Retail - FOR SALE
1/20
null | Request Cap Rate

12 W Taylor St
Reno, NV 89509
Midtown Reno


HIGHLIGHTS

  • Excellent Midtown location with high walkability and visibility
  • Stable, long-term tenants at market rate with lease extensions in place
  • Recently renovated interiors (2017)

OVERVIEW

Excellent opportunity to acquire two income-producing commercial buildings on a single parcel in the center of Midtown Reno—one of the city’s most desirable business districts with excellent walkability, visibility, and tenant demand. 12 W Taylor Street – A 988± SF office building currently leased to a long-term tenant through 2029 on a modified gross lease, with two additional options to extend. 22 W Taylor Street – A beautifully renovated 824± SF building (updated in 2017) leased through 2027 on a modified gross lease, also with two extension options. Both properties are well maintained, fully leased, and benefit from their prime Midtown location surrounded by restaurants, coffee shops, retail, and professional services. This walkable, vibrant neighborhood continues to attract strong tenant interest, making this an excellent long-term investment. Highlights: Two commercial buildings totaling 1,812± SF on one parcel Stable, long-term tenants at market rate with lease extensions in place Modified gross lease structures Excellent Midtown location with high walkability and visibility Recently renovated interiors (2017)

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$1,091 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 & 22 W Taylor St

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

MUMC

APN/PARCEL ID

011-331-03

ASK ABOUT THIS PROPERTY

Chris MotonMarmot PropertiesMore Info
775-870-7142

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Chris MotonMarmot PropertiesMore Info
775-870-7142

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