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    60 Grove St Reno, NV 89502

    Sponsored
    For Sale
    $449,000

    0.24 Acres, MU Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.24-acre commercial land parcel, located at 60 E Grove St in Reno, Nevada (zip code 89502), presents a unique investment opportunity. The property is zoned MU, offering considerable flexibility for a variety of commercial uses. Potential uses include medical facilities, bars, lounges, taverns, general office spaces, indoor manufacturing, maintenance/repair businesses, and restaurants (with or without alcohol licenses – verification with the City of Reno is recommended). The lot size is 0.24 acres, and the APN is 020-011-23. The asking price is $449,000. This property benefits from its location in an Opportunity Zone and boasts readily available three-phase, 120/208V power. The property's prime location and versatile zoning make it an ideal investment for developers and entrepreneurs seeking a strategic foothold in Reno's thriving commercial market. Serious inquiries are encouraged to explore the full potential of this exceptional land offering. Further due diligence is recommended to confirm all permitted uses with the relevant city authorities.

    Property Features for 60 Grove St

    General Information

    Property type
    Land
    Lot Size
    10,454 SF

    HighLights

    • Medical Office Space Potential.
    • Suitable for Bar, Lounge, or Tavern Use.
    • Ideal for General Office Space.
    • Adaptable for Indoor Manufacturing Operations.
    • Well‑suited for Maintenance, Repair, or Renovation Businesses.
    • Restaurant Use (with or without alcohol) - City of Reno verification required.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -119.7997255
    Latitude
    39.5006847

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    FAQs

    What type of property is this?
    Land - 0.24 Acres, MU Zoning, Prime Location
    Where is this land located?
    The property is located at 60 Grove St Reno, NV.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Medical Office Space Potential.; Suitable for Bar, Lounge, or Tavern Use.; Ideal for General Office Space.
    (775) 386-9727
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    60 Grove St Reno, NV 89502
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    Reno, NV 89502
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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
    60 Grove St Reno, NV 89502
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