1870 Vassar St - Storefront Retail/Office FOR SALE


Reno, NV 89502- Sierra Meadows
$2,200,000 USD
775-240-5143
1870 Vassar St, Reno, NV for Sale
$2,200,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 3.65% Cap Rate

NEW


1870 Vassar St
Reno, NV 89502
Sierra Meadows


HIGHLIGHTS

  • Investor/Owner-User Convenience Store Opportunity!
  • Four (4) Diverse Retail Tenant Mix
  • Convenient Central Reno Location
  • Value Add Short Term Leases - Increase Income Potential
  • Well Maintained

OVERVIEW

KW Commercial is pleased to present this established and well-maintained neighborhood strip center. Vassar Market, the primary occupant, is included in the sale, offering an excellent owner/user opportunity. In addition to Vassar Market, the property features four other long-term tenants, generating a steady income stream from retail, professional services, and personal service providers. Located in central Reno with convenient access to I-580, this property offers a prime location with high visibility. The rental income can be further increased as lease terms expire, potentially enhancing the property's cap rate. The property includes 22 parking spaces with easy access onto Vassar Street, making it highly accessible for customers. This is a truly remarkable investment opportunity for both owner-operators and investors. PLEASE DO NOT DISTRUB THE TENANTS! Contact the Listing Agents for a private showing.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

3.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vassar Market Neighborhood Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

GC

APN/PARCEL ID

013-333-01

ASK ABOUT THIS PROPERTY

Ricci Rodriguez-ElkinsKW CommercialMore Info
775-240-5143

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

Ricci Rodriguez-ElkinsKW CommercialMore Info
775-240-5143

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