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    24 California Ave Reno, NV 89509

    For Lease
    Contact for pricing

    Modern urban office, retail & restaurant space

    Lot size:
    6,414 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional two-story building at 20-24 California Avenue in Reno, Nevada (89509), offers 6,414 square feet of versatile space, currently entirely vacant and available for lease. The property, zoned MD-RD, features a mix of traditional office, coworking, and creative office sub-types, making it ideal for a variety of businesses. Units range from 1,358 to 6,414 contiguous square feet, providing flexibility for various needs. The building boasts a modern renovation that complements its historic charm, and includes shared restrooms and a tenant patio. Its prime location at the corner of California Avenue and South Virginia Street places it within walking distance of Downtown Reno, the Riverwalk District, and the Midtown District, benefiting from a large daytime population within a two-mile radius. The building's existing tenant mix includes successful food and beverage establishments. This property presents a unique opportunity to establish a presence in a thriving urban environment. The APN is 011-226-39.

    Property Features for 24 California Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,414 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Storage
    Size
    171 SF
    Space
    20A
    Size
    1,543 SF
    Space
    20B
    Size
    1,964 SF
    Space
    20C
    Size
    1,378 SF
    Space
    20D
    Size
    1,358 SF

    HighLights

    • 6,414 SF of vacant, leasable space in a renovated two‑story building at 20‑24 California Ave, Reno, NV (89509).
    • Ideal for food & beverage or office use; spaces range from 1,358 SF to 6,414 SF contiguous.
    • Features shared restrooms, tenant patio, and 28 on‑site parking spaces.
    • Prime Midtown location near Downtown Reno and Riverwalk District, offering excellent signage opportunities.
    • Building is in warm shell condition, ready for tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    24 Cali Shopping Mall Elixir Superfood & Juice Restaurant The Wheyfarer Cheese Shop RareTea Bubble Tea Store

    Suggested Use

    Realty agency Restaurant Dental Office Law Firm Spa & Massage Hair Salon Building Supply Clothing Store Nail Salon Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.81111606834
    Latitude
    39.520163496283

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    FAQs

    What type of property is this?
    Restaurant - Modern urban office, retail & restaurant space
    Where is this restaurant located?
    The property is located at 24 California Ave Reno, NV.
    What are key features of this property?
    This property features: 6,414 SF of vacant, leasable space in a renovated two-story building at 20-24 California Ave, Reno, NV (89509).; Ideal for food & beverage or office use; spaces range from 1,358 SF to 6,414 SF contiguous.; Features shared restrooms, tenant patio, and 28 on-site parking spaces.
    Request Owner's contact information
    24 California Ave Reno, NV 89509
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    Reno, NV 89509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 California Ave Reno, NV 89509
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