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    2062 Virginia St Reno, NV 89502

    Sponsored
    For Lease
    Contact for pricing

    Prime Reno retail space, 1,400 sq ft available.

    Lot size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail property, located at 2062 S. Virginia St., Reno, NV 89502, offers 5,500 total square feet across four suites. A significant 1,400 square feet is currently vacant, presenting a unique opportunity for a new tenant. Built in 2024, this new construction boasts excellent visibility with frontage on S. Virginia St., experiencing over 11,200 cars per day (CPD) and enjoys proximity to E. Plumb Ln. (18,000 CPD). The property benefits from its strategic location directly across from the Reno Experience District and the redeveloped Reno Public Market, ensuring high foot traffic and visibility. Access to Midtown/downtown and I-580 is convenient via S. Virginia St. and E. Plumb Ln. The area boasts a strong demographic profile, with over 6,400 residents within a 0.5-mile radius and over 3 million annual visitors to the surrounding area. A daytime population exceeding 20,000 and 1,414 businesses within a 1-mile radius further enhance the property's appeal. Ample parking is available on the west and north sides, and building signage opportunities exist. The property has a Walk Score of 87, reflecting its convenient location within the Midtown district. APN: 019-550-09.

    Property Features for 2062 Virginia St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,500 SF
    Class
    A

    Building Details

    Year Built
    2024

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,500 SF

    HighLights

    • 5,500 SF Class A retail property in Reno, NV, with 1,400 SF vacant.
    • New construction (2024) with high visibility on S. Virginia St. (11,200+ CPD) and proximity to E. Plumb Ln. (18,000 CPD).
    • Excellent location across from the Reno Experience District and Reno Public Market, offering high foot traffic.
    • Four available suites with negotiable lease rates.
    • Ample parking and building signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8026307
    Latitude
    39.5041254

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    FAQs

    What type of property is this?
    Restaurant - Prime Reno retail space, 1,400 sq ft available.
    Where is this restaurant located?
    The property is located at 2062 Virginia St Reno, NV.
    What are key features of this property?
    This property features: 5,500 SF Class A retail property in Reno, NV, with 1,400 SF vacant.; New construction (2024) with high visibility on S. Virginia St. (11,200+ CPD) and proximity to E. Plumb Ln. (18,000 CPD).; Excellent location across from the Reno Experience District and Reno Public Market, offering high foot traffic.
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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
    2062 Virginia St Reno, NV 89502
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