Renovated Mixed-Use
New
For Sale
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1940 PRATER WAY SPARKS NV 89431-4707, Sparks, NV 89431
Three updated buildings combine multifamily residences with a street-facing retail and office component.
Property Size5,656 SF
Lot Size0.74 Acres
Days on Market4
Property Features for 1940 PRATER WAY SPARKS NV 89431-4707
General Information
Standard status
Active
Size
5,656 SF
Class
C
Total Parking Spaces
20
Lot size
0.74 Acres
Property subtype
Retail
Zoning
MUD
Investment Type
Owner/User
Units
Unit Mix
3 x 2BD/1BA, 2 x 2BD/2BA
Multifamily Units
5
Amenities
private yard space
Building Details
Year Built
1952
Year Renovated
2025
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
LOGIC Commercial Real Estate
Listed By:
Justin Sigstad · License #S.0190787.LLC
Source:
Crexi
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 1:59PM
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 consists of three recently renovated buildings on approximately 0.74 acres. The residential component includes five apartments: three two-bedroom, one-bath units and two two-bedroom, two-bath units. A front retail and office suite of approximately 2,000 SF adds a commercial component to the property. Each apartment has private yard space, while additional yard area is available for business use.
Recent improvements include new roofs, plumbing, flooring, paint, cabinets, countertops, and HVAC systems throughout the buildings. Built in 1952 and zoned MUD, the property combines updated interiors with a configuration that includes both residential and commercial space. The address is 1940 Prater Way in Sparks, Nevada.
Recent improvements include new roofs, plumbing, flooring, paint, cabinets, countertops, and HVAC systems throughout the buildings. Built in 1952 and zoned MUD, the property combines updated interiors with a configuration that includes both residential and commercial space. The address is 1940 Prater Way in Sparks, Nevada.
Key Highlights
- Approximately 0.74‑acre mixed‑use property with three recently renovated buildings
- Five apartments: three 2BD/1BA units and two 2BD/2BA units
- Front retail/office suite of approximately 2,000 SF
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three updated buildings combine multifamily residences with a street-facing retail and office component.
Where is this mixed-use property located?
The property is located at 1940 PRATER WAY SPARKS NV 89431-4707 Sparks, NV.
What are key features of this property?
This property features: Approximately 0.74‑acre mixed‑use property with three recently renovated buildings; Five apartments: three 2BD/1BA units and two 2BD/2BA units; Front retail/office suite of approximately 2,000 SF
