Property profile

24 California Ave Reno, NV 89509

OFF-MARKET
Retail properties & Spaces
6,414 SF
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Property summary

AI-generated overview

This exceptional two-story building at 20-24 California Avenue in Reno, Nevada (89509), offers 6,414 square feet of versatile space, currently entirely vacant and available for lease. The property, zoned MD-RD, features a mix of traditional office, coworking, and creative office sub-types, making it ideal for a variety of businesses. Units range from 1,358 to 6,414 contiguous square feet, providing flexibility for various needs. The building boasts a modern renovation that complements its historic charm, and includes shared restrooms and a tenant patio. Its prime location at the corner of California Avenue and South Virginia Street places it within walking distance of Downtown Reno, the Riverwalk District, and the Midtown District, benefiting from a large daytime population within a two-mile radius. The building's existing tenant mix includes successful food and beverage establishments. This property presents a unique opportunity to establish a presence in a thriving urban environment. The APN is 011-226-39.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,414 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall
  • Restaurant
  • Bakery Specialty Food Shop
  • Cafe & Coffee Shop

Location

24 California Ave Reno, NV 89509
Reno metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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