120 Thoma St Reno, NV 89501
- Commercial real estate
- 9,250 SF
- 0.16 lot acres
Current Use by Public Records
- Damone Beauty / Eyelash Salon / Eyebrow Bar
- Little Hawk Esthetics / Beauty Salon
- Enhance Pink Ribbon / Permanent Make-Up Clinic
- Moonlit Artistry / Permanent Make-Up Clinic / Eyebrow Bar
- Endless Ink / Tattoo Shop
Property Details for 120 Thoma St
- Year built
- 1960
- Lot size
- 0.16 lot acres
- Property size
- 9,250 SF
- Property type
- Commercial real estate
- APN
- 011-234-01
Description
This exceptional mixed-use property at 120 Thoma St, Reno, NV 89501, presents a compelling investment opportunity. Boasting 9,250 square feet on a 0.16-acre lot, this stabilized investment features a blend of retail and residential spaces, currently operating at 100% occupancy as of February 24, 2023. The building, constructed in 1960 and extensively renovated in 2023, comprises one two-story structure with a permitted MU-MC zoning designation. The property includes five retail tenants and four residential apartments, generating a substantial net operating income (NOI) of $155,788, resulting in an attractive 5.56% capitalization rate. The asking price is $2,800,000, translating to $302.70 per square foot. Conveniently located in Midtown Reno, the property benefits from off-street parking, a large monument sign, and attractive exterior murals. This turnkey investment offers a diverse income stream and significant upside potential. The property's strong performance and prime location make it an ideal addition to any portfolio. The APN is 011-234-01.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.8078698
- Latitude
- 39.5192048
