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    25 La Rue Ave Reno, NV 89509

    Sponsored
    For Sale
    $2,150,000

    High-potential mixed-use property, prime location.

    Property size:
    4,402 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, located at 25 La Rue Avenue in Reno, Nevada's vibrant Midtown district, presents a compelling investment opportunity. Situated on a sizable 0.31-acre corner lot at the intersection of South Virginia Street and La Rue Avenue, this property offers unparalleled accessibility and visibility. The existing structures, totaling 4,402 gross square feet, are currently configured as a market, a church, and a billboard, generating immediate income potential. Built in 1968, the property is zoned MUMC, allowing for a wide range of commercial uses. Its strategic location provides easy access to major transportation arteries, including Interstates 580 and 80, ensuring high traffic flow and convenient access for customers and employees. The property is being sold "As-Is" with no repairs included, offering buyers the flexibility to renovate existing structures or develop new ones to suit their specific business needs. Priced at $2,150,000, or $488.41 per square foot, this property represents a significant value proposition in a highly sought-after location. The substantial lot size and flexible zoning provide ample room for expansion and future development, making it an ideal investment for entrepreneurs and developers alike. Don't miss this chance to acquire a thriving commercial property in the heart of Reno's dynamic Midtown area.

    Property Features for 25 La Rue Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,402 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    Iglesia De Dios ... Church

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Nail Salon Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.809
    Latitude
    39.51639

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    FAQs

    What type of property is this?
    Commercial real estate - High-potential mixed-use property, prime location.
    Where is this commercial real estate located?
    The property is located at 25 La Rue Ave Reno, NV.
    What is the asking price?
    The asking price for this property is $2,150,000.
    (775) 688-4800
    Request Owner's contact information
    25 La Rue Ave Reno, NV 89509
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    Reno, NV 89509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25 La Rue Ave Reno, NV 89509
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