Live-Work Space with Corner
New
For Sale
$1,250,000
1105 W 2nd Street, Reno, NV 89503
COMMERCIAL - Reno, NV
Property Size3,700 SF
Lot Size0.34 Acres
Price / SF$337.84
Days on Market3
Property Features for 1105 W 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC - GENERAL COMMERCIAL
Parking
15
Parking features
Off Street, On Street, Paved or Surfaced, Alley, Parking Lot
Window features
Vinyl Frames, Low Emissivity Windows, Blinds, Window Coverings
Fencing
Chain Link
Basement
Finished
Subdivision
Chism Addition
Lot features
Corner Lot, Landscaped, Level
Directions
Keystone, West on 2nd St, NW Corner of 2nd and Gardner St.
Standard status
Active
APN
010-043-04
Size
3,700 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
2587
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
Ethernet wiring
dedicated server closet
hardwired perimeter security cameras
Building Details
Year built
1935
Floors in Building
2
Number of units
5
Flooring type
Wood, Carpet, Vinyl, Tile, Varies
Building materials
Batts Insulation, Vinyl Siding, Wood Siding
Roof type
Composition, Asphalt, Shingle
Additional Structures
Outbuilding
Listing Agency:
Reno Realty
(775) 313-9600
Listed By:
Gregory Anastassatos · License #S.173938
(775) 830-0735
Added: Aug 2
Last Checked: Aug 4 at 1:06AM
MLS# 260009967
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work space property on a prominent, level corner lot at W 2nd Street and Gardner Street combines existing residential income with flexible commercial space, substantial storage, and redevelopment optionality. The main floor and basement were most recently used as professional office and storage space, and the studio, main floor, and basement are currently vacant, offering flexibility for an owner-user, investor, or developer. The second floor includes two residential units: a recently updated studio and a partially updated one-bedroom unit that is leased through the end of the year. A detached three-car garage at the rear is currently used for storage, and the basement provides additional storage and improvement potential.
The property includes partially updated electrical and upgraded 200-amp electrical service, Ethernet wiring with a dedicated server closet, and hardwired perimeter security cameras. A future ADA-accessible ramp may be accommodated near the front entry steps. Zoning is GC - General Commercial, which may allow a broad mix of uses. Current zoning standards may permit residential density of up to 45 dwelling units per acre and building height up to 65 feet.
For communications-oriented users, a Lumen fiber connection spans San Francisco to New York across Gardner Street, along with another fiber line connecting Reno to Southern California.
The property includes partially updated electrical and upgraded 200-amp electrical service, Ethernet wiring with a dedicated server closet, and hardwired perimeter security cameras. A future ADA-accessible ramp may be accommodated near the front entry steps. Zoning is GC - General Commercial, which may allow a broad mix of uses. Current zoning standards may permit residential density of up to 45 dwelling units per acre and building height up to 65 feet.
For communications-oriented users, a Lumen fiber connection spans San Francisco to New York across Gardner Street, along with another fiber line connecting Reno to Southern California.
Key Highlights
- 0.34‑acre level corner lot at W 2nd Street and Gardner Street
- 3,700 SF building; year built 1935
- Second floor has two units: recently updated studio vacant and partially updated one‑bedroom leased through year‑end
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.0k | $28.92 |
| − Vacancy | −$19.8k | −$5.35 |
| EGI | $87.2k | $23.57 |
| − OpEx | −$21.8k | −$5.89 |
| NOI | $65.4k | $17.68 |
3,700 SF · lease $28.92/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$934.4K
$817.6K – $1.09M
NOI $65,406 @ 7.0% cap · market cap 5.23%
Second Best
Mixed Use
$771.4K
$674.9K – $899.9K
NOI $53,995 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.14M
$997.8K – $1.33M
NOI $79,821 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 89503, NV
28,737
Population
13,938
Households
2.1
Avg Household Size
33
Median Age
36%
College-Educated
91%
High-School Grad
6.2 sq mi
ZIP Area
4,635
Density / Sq Mi
$66,956
Median Household Income
$37,352
Median Earnings
$1,336
Median Rent
$441,800
Median Home Value
Market
Vacancy Rate% for Office in Reno, NV
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Zoned GC - General Commercial with vacant office/storage areas and two upstairs units, including a studio vacant and a one-bedroom leased.
Where is this live-work space located?
The property is located at 1105 W 2nd Street Reno, NV.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 0.34‑acre level corner lot at W 2nd Street and Gardner Street; 3,700 SF building; year built 1935; Second floor has two units: recently updated studio vacant and partially updated one‑bedroom leased through year‑end
