Multi-Tenant Retail/Office
For Sale
Contact for pricing
Pending
1401 S Virginia St, Reno, NV 89502
Multi-tenant retail/office building with five long-term triple-net tenants and 31 on-site parking spaces.
Property SizeContact for details
Days on Market122
Property Features for 1401 S Virginia St
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Reno
(775) 348-5234
Listed By:
Bret Nicholson · License #NV S.0183859
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 8:09AM
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 Marcus & Millichap - Reno
Investment Insights
Based on property information with market context.
1401 S Virginia is a modern, multi-tenant retail/office property totaling 21,519 square feet, currently 100% occupied by five tenants on long-term triple-net leases. The original brick building underwent an extensive renovation in 2016, including upgrades such as a new elevator, façade, second-story deck, roof, electrical, and HVAC, creating a refreshed, contemporary presence.
Located in the heart of Midtown Reno, Nevada, the property is within walking distance to Downtown Reno. The site includes 31 on-site parking spaces, along with additional street parking.
For sale, this well-maintained, pride-of-ownership asset is positioned for continued tenancy with existing long-term lease structure in a central retail and office setting.
Located in the heart of Midtown Reno, Nevada, the property is within walking distance to Downtown Reno. The site includes 31 on-site parking spaces, along with additional street parking.
For sale, this well-maintained, pride-of-ownership asset is positioned for continued tenancy with existing long-term lease structure in a central retail and office setting.
Key Highlights
- 21,519 SF multi‑tenant retail/office building at 1401 S. Virginia in Midtown Reno, NV.
- 100% occupied by five tenants on long‑term triple‑net (NNN) leases.
- Extensively renovated in 2016 with new elevator, facade, second‑story deck, roof, electrical, and HVAC.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,442
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in Reno, NV
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail/office building with five long-term triple-net tenants and 31 on-site parking spaces.
Where is this shopping center located?
The property is located at 1401 S Virginia St Reno, NV.
What are key features of this property?
This property features: 21,519 SF multi‑tenant retail/office building at 1401 S. Virginia in Midtown Reno, NV.; 100% occupied by five tenants on long‑term triple‑net (NNN) leases.; Extensively renovated in 2016 with new elevator, facade, second‑story deck, roof, electrical, and HVAC.
