22 W Taylor St - Retail FOR SALE


Reno, NV 89509- Midtown Reno
$749,000 USD
775-600-7264
22 W Taylor St, Reno, NV for Sale
$749,000 USD
Retail - FOR SALE
1/31
null | Request Cap Rate

22 W Taylor St
Reno, NV 89509
Midtown Reno


HIGHLIGHTS

  • Popular MidTown Submarket
  • Mixed Use-Office, Retail and Multifamily
  • Modern, Remodeled Units

OVERVIEW

The asset consists of two converted SFR to office buildings. The site at 12 W Taylor is approximately 988 sq ft with a 988 sq ft basement, built in 1926 with recent improvements. The site at 22 W Taylor is approximately 824 sq ft with a 494 basement, built in 1926 with recent improvements. Both properties feature hardwood floors, original brick detailing, new kitchen cabinets, tile back splash, modern tiled showers, and fresh paint. Both buildings are currently fully leased to office tenants under Modified Gross leases. 12 W Taylor's lease expires on April 30, 2027, and 22 W Taylor's lease expires on February 28, 2029. Importantly, the 22 W Taylor lease does not include a renewal option. This provides an opportunity for a future owner to occupy one or both buildings upon lease expiration. The project is zoned MU-MC (Mixed Use MidTown Commercial). The zoning does allow for multifamily development. Attached vacant lot at 30 W. Taylor is also for sale, the lot is .081 acres and zoned mixed use.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$909 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 & 22 W Taylor Mixed Use

PROPERTY TYPE

Retail

ADD'L SUBTYPES

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

011-331-10

ASK ABOUT THIS PROPERTY

Austyn MooreCBREMore Info
775-600-7264

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Austyn MooreCBREMore Info
775-600-7264

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