1715 Wells Ave Reno, NV 89502
- Retail properties
- 3,740 SF
Current Use by Public Records
- Magpie Coffee Roasters / Coffee Shop
Property Details for 1715 Wells Ave
- Year built
- 1955
- Property size
- 3,740 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
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
- -119.803
- Latitude
- 39.5083
