701 2Nd St Reno, NV 89502
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High-Yield Retail Property, 100% Occupied
Property size:
2,532 SFProperty Features for 701 2Nd St
General Information
- Property type
- Grocery and convenience stores
- Square Feet
- 2,532 SF
- Lot Size
- 8,756 SF
Building Details
- Year Renovated
- 2023
- Buildings
- 2
- Units
- 2
Listing Agent: Batuhan Zadeh
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fully occupied, stabilized retail property located at 701 E 2nd St, Reno, NV 89502. The property consists of two buildings totaling 2,532 square feet on a 0.201-acre lot (APN 01207224), zoned MU. Both buildings underwent renovations in 2023. The north building houses World of Smoke, a successful, multi-location retail business, while the south building is occupied by Urban Barber Union, a thriving local barbershop. The property boasts a strong net operating income (NOI) of $63,262, resulting in an attractive 6.02% cap rate. The asking price is $1,050,000. This turnkey investment offers a compelling combination of high occupancy (100%), recent renovations, and established, high-cash-flow tenants situated on a high-traffic corner of S Wells and E 2nd St. The property's ease of management makes it an ideal long-term investment. Interested parties should contact the seller directly to schedule a walkthrough
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Capo Cutz
Barber Shop
Camiso Cutzz
Barber Shop
Urban Barber Union ...
Barber Shop
DonThe Barber
Barber Shop
Shorty t
Barber Shop
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.8027497
- Latitude
- 39.5275149
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - High-Yield Retail Property, 100% Occupied
Where is this grocery and convenience store located?
The property is located at 701 2Nd St Reno, NV.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully occupied, stabilized retail property at 701 E 2nd St, Reno, NV.; Two buildings totaling 2,532 square feet on a 0.201-acre lot (APN 01207224), zoned MU.; Recently renovated (2023); tenants include World of Smoke and Urban Barber Union.
