245 Arlington Ave Reno, NV 89503
- Commercial real estate
- 60,000 SF
Current Use by Public Records
- Commercial real estate
Property Details for 245 Arlington Ave
- Property size
- 60,000 SF
- Property type
- Commercial real estate
Description
This exceptional 60,000 square foot retail property, located at 245 N Arlington Ave in Reno, Nevada (APN 011-026-02), presents a unique investment opportunity. The single-building property sits on a 1.13-acre lot and boasts a prominent location within Reno's J Resort Neon Line, benefiting from high visibility and significant daily traffic along N Arlington Avenue and W 2nd Street, with an estimated 10,000 vehicles passing daily. Currently, 1,855 square feet of retail space is available for lease within this multi-tenant building. The building includes an elevator for convenient access. The property's strategic location ensures high foot traffic and a substantial daytime population, making it ideal for a variety of retail businesses. Ample street parking is available for customers and employees. This property is part of a larger development, with a new 60-unit multifamily apartment complex slated for completion in Q1 2025, further enhancing the area's vibrancy and foot traffic. The property's Washoe County location and 89503 zip code offer easy access to Reno's amenities and a thriving community. This is a rare opportunity to secure a prime retail space in a rapidly developing area of downtown Reno.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.81734876
- Latitude
- 39.52670822
