Corner Mixed-Use
1105 W 2nd Street, Reno, NV 89503
For Sale
$1,250,000
Commercial Sale, Reno, NV
Property Size3,700 SF
Lot Size0.34 Acres
Price / SF$337.84
Days on Market101
Property Features for 1105 W 2nd Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
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Fencing
Basement
Subdivision
Lot features
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Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
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Building Details
Year built
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Listing Agency:
Reno Realty
(775) 313-9600
Listed By:
Gregory Anastassatos · License NV S.173938
(775) 830-0735
Added: Aug 2
Changed: Oct 2
Last Checked: Nov 10 at 7:06AM
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.
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Investment Insights
Based on property information with market context.
Built in 1935, this 3,700-square-foot mixed-use property occupies a 0.34-acre corner lot at West 2nd and Gardner Streets. The main floor and basement provide office and storage space, with partially updated electrical, Ethernet wiring, a dedicated server closet, perimeter security cameras, and upgraded 200-amp service. The second floor includes a recently updated studio and a partially updated one-bedroom unit. The studio, office areas, and basement are vacant, while the one-bedroom unit is leased through the end of the year. A detached three-car garage adds storage capacity.
The property is zoned GC - General Commercial and is near Downtown Reno, the Truckee River corridor, medical services, restaurants, employment centers, and regional transportation access. A Lumen fiber connection and another fiber line are located across Gardner Street. Current zoning standards may permit residential density of up to 45 dwelling units per acre and building height up to 65 feet, subject to verification.
The property is zoned GC - General Commercial and is near Downtown Reno, the Truckee River corridor, medical services, restaurants, employment centers, and regional transportation access. A Lumen fiber connection and another fiber line are located across Gardner Street. Current zoning standards may permit residential density of up to 45 dwelling units per acre and building height up to 65 feet, subject to verification.
Key Highlights
- 3,700‑square‑foot mixed‑use building on a 0.34‑acre corner lot
- GC - GENERAL COMMERCIAL zoning with potential density up to 45 dwelling units per acre
- Potential building height up to 65 feet under current zoning standards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,406
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,120
$1.3M
Cap Rate 7%
$934,371
$934.4K
Cap Rate 9%
$726,733
$726.7K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$107.0K $28.92/SF
− Vacancy
−$19.8K −$5.35/SF
EGI
$87.2K $23.57/SF
− OpEx
−$21.8K −$5.89/SF
NOI
$65.4K $17.68/SF
Area
Reno, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,308,120
Cap Rate 7%
$934,371
Cap Rate 9%
$726,733
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.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,393
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Reno
Vacancy Rate% for Office in Reno, NV
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 1935 building combines vacant office and storage areas with two residential units and a detached three-car garage.
Where is this mixed-use property 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: 3,700‑square‑foot mixed‑use building on a 0.34‑acre corner lot; GC - GENERAL COMMERCIAL zoning with potential density up to 45 dwelling units per acre; Potential building height up to 65 feet under current zoning standards
