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Renovated Mixed-Use Property
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1940 Prater Way, Sparks, NV 89431

Three renovated buildings combine retail or office space with apartments and private outdoor areas.

Space Size2,000 SF
Lot Size0.74 Acres
Days on Market4

Property Features for 1940 Prater Way

General Information

Standard status Active
Size 2,000 SF
Net Rentable 2,000 SF
Class C
Lot size 0.74 Acres
Property subtype Retail

Space & Availability

Available Space 2,000 SF
Contiguous Space 2,000 SF
Condition Partially Built-Out

Amenities

Private Restrooms
Shower Facilities
Yard

Building Details

Building Size 2,000 SF
Year Built 1952
Tenancy Single

Spaces For Lease

at 1940 Prater Way Contact us

Space 1

Size
2,000 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: LOGIC Commercial Real Estate
Listed By: Justin Sigstad · License #S.0190787.LLC
Source: Crexi
Added: Aug 31 Changed: Sep 3 Last Checked: Sep 3 at 2:09AM

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 LOGIC Commercial Real Estate

Investment Insights

Based on property information with market context.

This mixed-use property includes three recently renovated buildings with a combination of commercial and residential space. The front building offers approximately 2,000 square feet configured for retail or office use, along with a two-bedroom apartment. Two additional two-bedroom apartments occupy the second building, while the third contains two one-bedroom apartments.

Set on 0.74 acres, the property provides yard areas for the apartments as well as outdoor space associated with the business. Commercial features include private restrooms, shower facilities, and a partially built-out standard retail layout. The property was originally built in 1952 and is identified as an outparcel.

Key Highlights

  • Three recently renovated buildings with commercial and residential space
  • Approximately 2,000 SF of retail or office space in the front building
  • Five apartments: three 2‑bedroom units and two 1‑bedroom units

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

904
Businesses Nearby

Demographics for 89431, NV

40,219
Population
16,858
Households
2.4
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
9.2 sq mi
ZIP Area
4,372
Density / Sq Mi
$64,496
Median Household Income
$39,589
Median Earnings
$1,276
Median Rent
$332,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three renovated buildings combine retail or office space with apartments and private outdoor areas.
Where is this mixed-use property located?
The property is located at 1940 Prater Way Sparks, NV.
What are key features of this property?
This property features: Three recently renovated buildings with commercial and residential space; Approximately 2,000 SF of retail or office space in the front building; Five apartments: three 2‑bedroom units and two 1‑bedroom units
More about this property
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