Mixed-Use Development Land
For Sale
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1064 S Virginia St, Reno, NV 89502
Mixed-use development site in Reno’s MidTown District near South Virginia Street, within an Opportunity Zone.
Property SizeContact for details
Days on Market144
Property Features for 1064 S Virginia St
General Information
Standard status
Active
Property subtype
Land
Additional Details
Opportunity Zone
Yes
Listing Agency:
CBRE - Reno
(775) 823-6983
Listed By:
Aiman Noursoultanova · License #NV 0049721
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Reno
Investment Insights
Based on property information with market context.
Mixed-use development land site located in Reno’s MidTown District along South Virginia Street immediately south of downtown Reno. The property is within base mixed-use zoning and is also located in both the Opportunity Zone and the City of Reno’s South Virginia Street Transit Corridor/Midtown Commercial Overlay District, supporting a range of development options. Zoning permits uses including multifamily, general retail or commercial, office, and restaurants. Building height in the district is permitted up to 75 feet (five stories), with an increase possible through a special use permit.
The City’s “RENOvation” zoning code update is expected to lower parking requirements and increase density, with a one-year phase-in period allowing applicants to continue under existing code or use the new code, fully in effect starting in 2022. The Reno Transportation Commission recently completed the Virginia Street Project between Plumb Lane and Liberty Street, which added roundabouts, crosswalks, widened sidewalks, and updated lighting and landscaping. The City also plans public art, bike racks, and benches, and additional RAPID transit station improvements are scheduled for completion the following year.
The City’s “RENOvation” zoning code update is expected to lower parking requirements and increase density, with a one-year phase-in period allowing applicants to continue under existing code or use the new code, fully in effect starting in 2022. The Reno Transportation Commission recently completed the Virginia Street Project between Plumb Lane and Liberty Street, which added roundabouts, crosswalks, widened sidewalks, and updated lighting and landscaping. The City also plans public art, bike racks, and benches, and additional RAPID transit station improvements are scheduled for completion the following year.
Key Highlights
- Mixed‑use development site in Reno’s MidTown District along South Virginia Street, immediately south of downtown Reno
- Base zoning is mixed‑use; allows multifamily, general retail/commercial, office, restaurants, and other uses
- Located within the Opportunity Zone and the City of Reno South Virginia Street Transit Corridor/Midtown Commercial Overlay District
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 89502, NV
47,062
Population
20,781
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
21.5 sq mi
ZIP Area
2,189
Density / Sq Mi
$62,719
Median Household Income
$36,796
Median Earnings
$1,243
Median Rent
$389,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Mixed-use development site in Reno’s MidTown District near South Virginia Street, within an Opportunity Zone.
Where is this commercial land located?
The property is located at 1064 S Virginia St Reno, NV.
What are key features of this property?
This property features: Mixed‑use development site in Reno’s MidTown District along South Virginia Street, immediately south of downtown Reno; Base zoning is mixed‑use; allows multifamily, general retail/commercial, office, restaurants, and other uses; Located within the Opportunity Zone and the City of Reno South Virginia Street Transit Corridor/Midtown Commercial Overlay District
