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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

01 Longley Ln Reno, NV 89511

1,200 SF
Property ID
Property summary
AI-generated overview

Longley Town Center presents a unique investment opportunity in Reno, Nevada, encompassing 14.65 acres and three existing buildings totaling 26,269 square feet. This mixed-use portfolio includes a 6,520 sq ft fully leased building at 5210 Longley Lane (1.703 acres), a 6,000 sq ft building at 5260 Longley Lane (0.839 acres) ideal for medical, spa, or retail use, and a 13,749 sq ft building at 5270 Longley Lane (2.309 acres), with 8,949 sq ft currently leased, leaving 4,800 sq ft available for similar uses. Four additional build-to-suit pads are also available, ranging from 0.85 to 5.403 acres, perfect for new medical offices, drive-thrus, or retail spaces. One pad has a conceptual design for a five-building state-of-the-art medical park adjacent to the Northern Nevada Sierra Medical Center. The property boasts high visibility on Longley Lane, McCarran, and Double R, with 28,000 cars passing daily. Its location near restaurants and retail amenities ensures a thriving environment for diverse businesses. This offering combines immediate rental income with the potential to develop the last desirable lots in South Reno, making it an exceptional investment opportunity. The asking price is $14,000,000.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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