Listing Agency: ArchCrest Commercial Partners LLC

Listed By: Kevin Annis SIOR, CCIM · License #NV 1000617

Source: Crexi

Added: Nov 8, 2024 Changed: Aug 8 Last Checked: Jul 16 at 10:42AM

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Investment Insights

Based on property information with market context.

This property presents a building opportunity suitable for office, retail, or drive-through development. The location on Longley Lane offers high visibility. The surrounding area includes medical spaces, retail shops, and restaurants, potentially attracting customers familiar with the location. The property is located within a mile of the Northern Nevada Sierra Medical Center.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Dental Office Hair Salon Law Firm Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,004

Businesses Nearby

Explore this area Business Placement

Demographics for 89511, NV

29,143

Population

13,628

Households

2.1

Avg Household Size

48

Median Age

50%

College-Educated

96%

High-School Grad

131.6 sq mi

ZIP Area

221

Density / Sq Mi

$117,287

Median Household Income

$57,950

Median Earnings

$1,860

Median Rent

$903,300

Median Home Value

Market

Vacancy Rate% for Office in Reno, NV

9.9% 2019

12.5% 2020

9.8% 2021

10.2% 2022

12.5% 2023

10.6% 2024

9.2% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - Prime commercial land for office, retail, or drive-through development.

Where is this commercial land located?

The property is located at 000 Longley Lane Reno, NV.

What is the asking price?

The asking price for this property is $1,000,000.