Mixed-Use Development
For Sale
$4,500,000
1496 S Virginia Street, Reno, NV 89502
Commercial Sale, Reno, NV
Property Size4,900 SF
Lot Size1.24 Acres
Price / SF$918.37
Days on Market175
Property Features for 1496 S Virginia Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU MD
Window features
Aluminum Frames
Lot features
Corner Lot, Level
Standard status
Active
APN
014-234-20
Size
4,900 SF
Lot size
1.24 Acres
Taxes and HOA fees
Tax Annual Amount
21800
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Membrane
Listing Agency:
New Dimensions, Inc.
(775) 322-1093
Listed By:
Peter Bosco · License #S.45719
(775) 750-4353
Added: Feb 27
Changed: Aug 20
Last Checked: Aug 21 at 7:06PM
MLS# 260002157
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 offering is a mixed-use development parcel comprised of three parcels with APN numbers 012-234-20, 21, and 22. The property includes two tenant-occupied buildings at 1496 S. Virginia Street and 1500 S. Virginia Street, on a total lot size of 1.24 acres. Zoning is listed as MU MD. The listing also notes the property is located in an Opportunity Zone and within the Reno Development district, and the buyer/buyers agent should confirm all information.
The current buildings are tenant occupied and generate gross income of $9,600 per month, per the provided remarks. The seller describes the site as being in the Midtown district.
This site may appeal to buyers looking for a mixed-use development opportunity with existing income from tenant occupancy. Because the property is being sold as multiple parcels and includes two buildings, it can also be a practical fit for owners or operators evaluating redevelopment, repositioning, or continued operation, subject to due diligence. All information should be verified by the buyer and/or buyer’s agent.
The current buildings are tenant occupied and generate gross income of $9,600 per month, per the provided remarks. The seller describes the site as being in the Midtown district.
This site may appeal to buyers looking for a mixed-use development opportunity with existing income from tenant occupancy. Because the property is being sold as multiple parcels and includes two buildings, it can also be a practical fit for owners or operators evaluating redevelopment, repositioning, or continued operation, subject to due diligence. All information should be verified by the buyer and/or buyer’s agent.
Key Highlights
- Zoned Mixed Use—sale includes 3 parcels: APN 012‑234‑20, 012‑234‑21, and 012‑234‑22
- Total lot size 1.24 acres with two tenant‑occupied buildings
- Addresses include 1496 and 1500 S. Virginia St.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,442
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Zoned MU MD with two tenant-occupied buildings across three parcels, totaling 1.24 acres.
Where is this mixed-use property located?
The property is located at 1496 S Virginia Street Reno, NV.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Zoned Mixed Use—sale includes 3 parcels: APN 012‑234‑20, 012‑234‑21, and 012‑234‑22; Total lot size 1.24 acres with two tenant‑occupied buildings; Addresses include 1496 and 1500 S. Virginia St.
