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    245 Liberty St Reno, NV 89501

    For Sale
    Contact for pricing

    Downtown Reno Office Condos: Prime Location

    Property size:
    963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional offering presents eight meticulously renovated office condos within a single, five-story building at 245 E Liberty St, Reno, NV 89501. Situated in the heart of downtown Reno, this Class B property boasts a prime location, offering unparalleled convenience and accessibility. Completed in 1981 and extensively renovated in 2022, the building features over a million dollars in recent improvements, encompassing exterior enhancements, modernized common areas, and fully renovated individual units. The property includes a gated underground garage and ample surface parking, ensuring convenient parking for owners and clients alike. Units range from 963 to 11,971 square feet and are available in either turnkey or shell condition, allowing for customization to suit individual needs. Many units offer full-floor layouts with 360-degree views, private restrooms, and controlled elevator access. The building's central location provides easy access to I-80 and Highway 580, connecting to the entire Reno/Sparks area, and its proximity to city, state, and federal courthouses is a significant advantage. On-site storage units are also available for purchase. The property is zoned MD-RD and offers a unique opportunity to combine the benefits of property ownership with the convenience of a downtown Reno location. Ownership is fee simple, subject to final approval of the condo map from the City of Reno. This is a NNN investment opportunity with multi-tenancy.

    Property Features for 245 Liberty St

    General Information

    Property type
    Medical offices
    Square Feet
    963 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1981/2022
    Buildings
    1
    Stories
    5
    Units
    8

    HighLights

    • Fee Simple ownership, subject to City of Reno condo map approval.
    • Contact listing broker for details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stan Goodin Life Insurance Agency Alexander Elaine CPA Accountant Redmon Terry J ... Certified Public Accountant Michelle Mckee, RN Registered General Nurse Government Social Media ... Training Centre

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Clothing Store Food Market Nail Salon Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8077121238
    Latitude
    39.522844048658

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    FAQs

    What type of property is this?
    Medical office - Downtown Reno Office Condos: Prime Location
    Where is this medical office located?
    The property is located at 245 Liberty St Reno, NV.
    What are key features of this property?
    This property features: Fee Simple ownership, subject to City of Reno condo map approval.; Contact listing broker for details.;
    Request Owner's contact information
    245 Liberty St Reno, NV 89501
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    Reno, NV 89501
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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
    245 Liberty St Reno, NV 89501
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