1401 S Virginia St - Storefront Retail/Office FOR SALE


Reno, NV 89502- Midtown Reno
$7,599,000 USD
775-450-5779
1401 S Virginia St, Reno, NV for Sale
$7,599,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | 7.13% Cap Rate

1401 S Virginia St
Reno, NV 89502
Midtown Reno


HIGHLIGHTS

  • Recent capital improvements include new elevator, facade, 2nd story deck, roof, electrical, and HVAC
  • Strong tenant mix including coffee, retail, restaurant, and office users
  • Located on the south border of MidTown less than 1-mile from the recently renovated Reno Public Market and Reno Experience District (RED)

OVERVIEW

1401 S. Virginia St. is a +/- 21,198 SF multi-tenant 1950's Former Bank building located in the heart of the MidTown district. The original building was +/- 9,000 SF with an additional +/- 12,000 SF of new construction added. The original structure has 28' of clear-height and is built of 100% brick. This historic Reno property was fully redeveloped in 2016 with improvements including new elevator, new façade, second-story deck, new roof, new electrical, increased building security, and new HVAC. The property's location and prominence within Reno's burgeoning MidTown district represents some of the most highly sought-after retail and office locations in the city.

FOR SALE DETAILS

PRICE

$7,599,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

7.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1401 Midtown

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

MU-MC

APN/PARCEL ID

014-133-15

ASK ABOUT THIS PROPERTY

Greg RuzzineLogic Commercial Real EstateMore Info
775-450-5779

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Greg RuzzineLogic Commercial Real EstateMore Info
775-450-5779

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