Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    245 Arlington Ave Reno, NV 89503

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail, 1,855 SF Available

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 60,000 square foot retail property, located at 245 N Arlington Ave in Reno, Nevada (APN 011-026-02), presents a unique investment opportunity. The single-building property sits on a 1.13-acre lot and boasts a prominent location within Reno's J Resort Neon Line, benefiting from high visibility and significant daily traffic along N Arlington Avenue and W 2nd Street, with an estimated 10,000 vehicles passing daily. Currently, 1,855 square feet of retail space is available for lease within this multi-tenant building. The building includes an elevator for convenient access. The property's strategic location ensures high foot traffic and a substantial daytime population, making it ideal for a variety of retail businesses. Ample street parking is available for customers and employees. This property is part of a larger development, with a new 60-unit multifamily apartment complex slated for completion in Q1 2025, further enhancing the area's vibrancy and foot traffic. The property's Washoe County location and 89503 zip code offer easy access to Reno's amenities and a thriving community. This is a rare opportunity to secure a prime retail space in a rapidly developing area of downtown Reno.

    Property Features for 245 Arlington Ave

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,855 SF

    HighLights

    • 60,000 SF retail property at 245 N Arlington Ave, Reno, NV (APN 011‑026‑02) with 1,855 SF currently available for lease.
    • High visibility and significant daily traffic (10,000 vehicles) on N Arlington Ave and W 2nd St.
    • Prime location within Reno's J Resort Neon Line, ensuring high foot traffic and daytime population.
    • Ample street parking.
    • Adjacent to a new 60‑unit multifamily apartment complex opening Q1 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Clothing Store Nail Salon Building Supply 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
    -119.81734876
    Latitude
    39.52670822

    Nearby Similar for Lease

    • $65,340
      99,000 SF

      Reno Warehouse with Office Space

      99,000 SF warehouse with 10,530 SF office space available.
      1190 Trademark Dr, Reno, NV 89521
      View Details
    • $46,410
      59,500 SF

      Reno Warehouse Sublease Opportunity

      59,500 SF warehouse space available for sublease in Reno.
      12815 Old Virginia Rd, Reno, NV 89521
      View Details
    • $1,250 /Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Pkwy, Reno, NV 89521
      View Details
    • $365,904
      3,388 SF

      Retail Space in Reno, NV

      Commercial space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $277,200
      2,800 SF

      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $7,599,000
      3,385 SF

      MidTown Reno Multi-Tenant Building

      Historic building in Reno's MidTown district with on-site parking.
      1401 S Virginia St, Reno, NV 89503
      View Details
    • Contact for pricing
      45,524 SF

      Premier Reno Shopping Center Space

      Community/regional shopping center with high visibility and drawing power.
      4811 Kietzke Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      211,122 SF

      Furnished Office Building with Redundancy

      Two-story office building with flexible lease terms and ample parking.
      9295 Prototype Dr, Reno, NV 89521
      View Details
    • $21 SF/Yr
      10,120 SF

      Downtown Reno Office Condos

      Renovated office condos in downtown Reno with parking.
      245 E Liberty St, Reno, NV 89501
      View Details
    • $4 SF/Yr
      2,372 SF

      Class A Office Space Available

      Rare Class A office suite in Meadowood Submarket for lease.
      5520 Kietzke Ln, Reno, NV 89511
      View Details
    • $1,595 /Mo

      Silver Creek Condo Available Now

      Comfortable 2-bedroom, 2-bathroom condo with community amenities in Reno.
      6850 Sharlands Ave, Reno, NV 89523
      View Details
    • $2 SF/Yr
      5,827 SF

      Move-in Ready Office Space Available

      Recently remodeled office space with excellent access and visibility.
      10539 Professional Cir, Reno, NV 89521
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Retail, 1,855 SF Available
    Where is this multifamily property located?
    The property is located at 245 Arlington Ave Reno, NV.
    What are key features of this property?
    This property features: 60,000 SF retail property at 245 N Arlington Ave, Reno, NV (APN 011-026-02) with 1,855 SF currently available for lease.; High visibility and significant daily traffic (10,000 vehicles) on N Arlington Ave and W 2nd St.; Prime location within Reno's J Resort Neon Line, ensuring high foot traffic and daytime population.
    Request Owner's contact information
    245 Arlington Ave Reno, NV 89503
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    245 Arlington Ave
    Reno, NV 89503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Arlington Ave Reno, NV 89503
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.