1905 Prosperity StReno, NV 89502

Property Details for 1905 Prosperity St

Year built

1973

Property size (Sq ft)

11,645 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This Reno, NV property offers a compelling investment opportunity with a 6.22% cap rate and a strong NOI of $112,000. The 11,645 square foot mixed-use building, situated on a 13,952 square foot lot (APN 012-192-25), includes an auto shop, multifamily units (10 units), and office/retail space. Built in 1973 and renovated in 2016, this two-story building boasts a prime location in Reno's commercial district, offering easy access to I-80 and US-395, public transportation, and numerous amenities. The property benefits from a thriving business environment, a large population base (over 250,000 within 10 miles), and an average household income of $75,000 annually. The permitted zoning is I. This stabilized investment presents a rare chance to acquire a well-maintained, income-producing asset in a rapidly growing market. The asking price is $1,800,000. The property includes one pad.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5242

Longitude

-119.788

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