Mixed-Use Development
For Sale
$4,500,000
1496 Virginia Street, Reno, NV 89502
Three-parcel mixed-use site with two tenant-occupied buildings generating $9,600 monthly gross income.
Property Size4,900 SF
Lot Size1.24 Acres
Price / SF$918.37
Days on Market189
Property Features for 1496 Virginia Street
General Information
Standard status
Active
Size
4,900 SF
Lot size
1.24 Acres
Property subtype
Mixed Use
Zoning
Mixed Use
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$21,800
Amenities
Central Air
3
Concrete
Membrane
Corner Lot.
Disabled Parking, Asphalt.
Level
1.24
Corner, Public Roads, Paved Road, Level.
Building Details
Year Built
1958
Stories
1
Listing Agency:
New Dimensions, Inc.
(775) 750-4353
Listed By:
Peter Bosco · License #S.45719
(775) 750-4353
Source:
Xome
Added: Feb 14
Changed: Aug 12
Last Checked: Aug 21 at 4:44AM
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 New Dimensions, Inc.
Investment Insights
Based on property information with market context.
This for-sale development property includes three parcels (APN #012-234-20, 21 and 22) totaling 1.24 acres. The offering consists of two existing buildings that are currently tenant occupied.
The property is zoned Mixed Use and is located in the Midtown district. It also sits within the Opportunity Zone and the Reno Development district, with the specific addresses listed as 1496 and 1500 S. Virginia St., Reno, NV 89502. The current gross income is reported as $9,600 per month.
Buyer and/or buyer’s agent should confirm all information, including zoning and any development uses, as stated in the remarks.
The property is zoned Mixed Use and is located in the Midtown district. It also sits within the Opportunity Zone and the Reno Development district, with the specific addresses listed as 1496 and 1500 S. Virginia St., Reno, NV 89502. The current gross income is reported as $9,600 per month.
Buyer and/or buyer’s agent should confirm all information, including zoning and any development uses, as stated in the remarks.
Key Highlights
- Mixed‑use, corner lot development site on 1.24 acres with paved, public roads and level topography
- Zoned mixed use; located in the Opportunity zone and the Reno Development district
- Sale includes three parcels: APN 012‑234‑20, 012‑234‑21, and 012‑234‑22 (addresses: 1496 and 1500 S. Virginia St.)
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Three-parcel mixed-use site with two tenant-occupied buildings generating $9,600 monthly gross income.
Where is this specialty property located?
The property is located at 1496 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: Mixed‑use, corner lot development site on 1.24 acres with paved, public roads and level topography; Zoned mixed use; located in the Opportunity zone and the Reno Development district; Sale includes three parcels: APN 012‑234‑20, 012‑234‑21, and 012‑234‑22 (addresses: 1496 and 1500 S. Virginia St.)
