1715 Wells Ave Reno, NV 89502
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.
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Magpie Coffee Roasters Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.