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

    132 2Nd St Reno, NV 89501

    For Sale
    $4,941,318

    High-Growth Downtown Reno Retail Space

    Property size:
    3,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 3,312 square foot, single-tenant storefront located at 132 E 2nd Street, Reno, NV 89501. The property, built in 2006, boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $296,479, reflecting a 100% occupancy rate. The current tenant, a well-established cannabis dispensary, has a proven track record of success in this high-growth area of downtown Reno. The property benefits from its strategic location adjacent to the new 369-unit BALLPARK multifamily development and Ace's Ballpark, ensuring high foot traffic and visibility. The 0.643-acre lot is zoned MD and features on-site security, reflecting a commitment to safety and operational efficiency. The building itself is a single-story, Class C structure with a NNN lease in place. This turnkey investment offers a compelling opportunity to acquire a stable, high-performing asset in a thriving Reno submarket. The asking price is $4,941,318.33. The property's APN is 011-072-15. This is a rare chance to own a piece of Reno's vibrant downtown core. The tenant has operated successfully at this location for over seven years.

    Property Features for 132 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,312 SF
    Class
    C
    Lot Size
    28,009 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 3,312 SF single‑tenant storefront at 132 E 2nd Street, Reno, NV.
    • 6.00% cap rate and $296,479 NOI with 100% occupancy.
    • Well‑established cannabis dispensary tenant with a seven‑year track record.
    • Strategic location near a 369‑unit multifamily development and Ace's Ballpark.
    • 0.643‑acre lot (APN 011‑072‑15), MD zoning, on‑site security, and NNN lease.
    • $4,941,318.33 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Upholstery Cleaning in Reno Carpet Cleaning Service MYNT Cannabis Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Law Firm 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
    -119.8108478363
    Latitude
    39.527109349164

    Nearby Similar for Sale

    • $1,225,000
      3,843 SF

      Midtown Reno Investment Opportunity

      Three single-family homes on one parcel in Midtown Reno.
      204 Sinclair St, Reno, NV 89501
      View Details
    • $697,000
      1,474 SF

      Modern Duplex Near Downtown Reno

      Immaculate, fully occupied duplex with strong rental history.
      442 E 7Th St, Reno, NV 89512
      View Details
    • $1,431,000
      3,894 SF

      MidTown Reno Multifamily Investment

      Charming multifamily property in Reno's vibrant MidTown District.
      343 Mount Rose St, Reno, NV 89509
      View Details
    • $725,000
      2,185 SF

      Single-Story Triplex in Reno

      Rare single-story triplex with investment potential in Reno, Nevada.
      10005 Sagewood Dr, Reno, NV 89506
      View Details
    • $2,980,000
      1,100 SF

      Productive Farm with Water Rights

      710.97 acre farm with water rights near Reno, Nevada.
      5555 Sage Flat Rd, Reno, NV 89510
      View Details
    • $765,000
      2,239 SF

      Midtown Reno Triplex Investment Opportunity

      Three-unit property in Midtown Reno, ideal for investors.
      1170 Forest St, Reno, NV 89509
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-Growth Downtown Reno Retail Space
    Where is this individual retail property located?
    The property is located at 132 2Nd St Reno, NV.
    What is the asking price?
    The asking price for this property is $4,941,318.
    What are key features of this property?
    This property features: 3,312 SF single-tenant storefront at 132 E 2nd Street, Reno, NV.; 6.00% cap rate and $296,479 NOI with 100% occupancy.; Well-established cannabis dispensary tenant with a seven-year track record.
    Request Owner's contact information
    132 2Nd St Reno, NV 89501
    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.
    132 2Nd St
    Reno, NV 89501
    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
    132 2Nd St Reno, NV 89501
    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.