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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1715 Wells Ave Reno, NV 89502

3,740 SF Built 1955
Property ID
Property summary
AI-generated overview

This exceptional 3,740-square-foot retail building presents a compelling investment opportunity in Reno's thriving Midtown neighborhood. Located at 1715 S Wells Ave, this single-story, 1955-built property boasts three fully leased units, anchored by established tenants: Filthy McNasty's, Magpie Coffee Roasters, and Radical Cat. The property benefits from a prime location near the intersection of Wells Avenue and South Virginia Street, enjoying high visibility and significant foot traffic. Its proximity to the Reno Public Market further enhances its appeal. The building sits on a 014-233-08 APN parcel and is zoned GC. With market rents ranging from $2.00 to $2.50 per square foot (NNN), this asset offers stable income generation in a rapidly growing area. The property's eclectic, walkable neighborhood attracts both residents and visitors, ensuring consistent demand. This is an ideal investment for those seeking a strong return in a vibrant, up-and-coming Reno location. The asking price is $1,200,000.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1955
Total area 3,740 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
Current use
Occupant on record · Public records
  • Magpie Coffee Roasters Cafe & Coffee Shop
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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