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    7520 Longley Ln Reno, NV 89511

    Sponsored
    For Lease
    $18 SF/Yr ($11,931 /Mo)

    7,698 SF Retail Space, 3,491 SF Available

    Lot size:
    7,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This two-story, 7,698 square foot retail strip center in Reno, Nevada's South Meadows submarket, presents a compelling investment opportunity. Built in 2007, the property is situated at 7520 Longley Lane, near the intersection of Longley Lane and South Virginia Street, offering convenient access to Interstate 395. The center features a mix of uses, as indicated by its Mixed-Use Suburban zoning. Currently, 3,491 square feet of retail space is available, previously occupied by a martial arts studio. This space boasts an open floor plan on the first floor, including two bathrooms and storage, and a mezzanine level offering an additional 1,441 square feet. The property's location provides excellent visibility and proximity to various restaurants and fast-food establishments, ensuring high foot traffic and potential for strong tenant occupancy. The Washoe County property (APN 164-110-04) offers a unique chance to acquire a well-located retail space in a thriving Reno neighborhood. The building's total area is 7,698 square feet, spread across two stories. This presents a versatile space suitable for a variety of retail businesses. The property's strategic location near major roadways and amenities makes it an attractive option for both investors and potential tenants.

    Property Features for 7520 Longley Ln

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,698 SF
    Total Rate
    11931.9

    Building Details

    Year Built
    2007
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 101
    Size
    3,491 SF
    Rate per SF
    $18

    HighLights

    • 7,698 SF two‑story retail strip center in Reno, NV's South Meadows submarket.
    • Located at 7520 Longley Lane, near I‑395.
    • Mixed‑Use Suburban zoning.
    • 3,491 SF of available retail space (former martial arts studio), featuring an open floor plan, two bathrooms, storage, and a 1,441 SF mezzanine.
    • Excellent visibility and high foot traffic due to proximity to restaurants and fast food.
    • Washoe County APN 164‑110‑04.
    Property Profile Location Intelligence

    Current Use by Public Records

    Advanced Denture and Implant ... Dental Clinic Sage Dental Care Dentist Ahyoung Young Kim Dentist Adam & Eve Stores Lingerie Store Dr. Joshua Branco Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.77697648644
    Latitude
    39.456658428759

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    FAQs

    What type of property is this?
    Neighborhood center - 7,698 SF Retail Space, 3,491 SF Available
    Where is this neighborhood center located?
    The property is located at 7520 Longley Ln Reno, NV.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 7,698 SF two-story retail strip center in Reno, NV's South Meadows submarket.; Located at 7520 Longley Lane, near I-395.; Mixed-Use Suburban zoning.
    Request Owner's contact information
    7520 Longley Ln Reno, NV 89511
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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
    7520 Longley Ln Reno, NV 89511
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