2900 Clear Acre LnReno, NV 89512

Property Details for 2900 Clear Acre Ln

Year built

1992

Construction

WOOD

Lot size

0.21 AC

Property size (Sq ft)

1,793 SF

Zone code

GC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

004-073-05

APU

407305

Description

University Village Shopping Center, a single-story, 39,182 square foot retail property, presents a compelling investment opportunity in Reno, Nevada. Built in 1986, this Class B shopping center sits on a 3.84-acre lot at 2900 Clear Acre Ln, Reno, NV 89512, and is conveniently located near N McCarran Blvd. The center features five individual suites ranging in size from 1,033 to 5,387 square feet, offering flexibility for various retail tenants. Ample parking is provided with 210 spaces. The property boasts high visibility and traffic counts, averaging 12,800 vehicles daily on Clear Acre Lane, complemented by an additional 75,000 vehicles exiting the freeway onto N McCarran Boulevard. The zoning is GC, and the APN is 004-073-10

• CAP approach

  CAP return

  Valuation

  6%

  $396,119

  6.5%

  $365,648

  7%

  $339,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,034,659

  Geo Method

  $1,034,659

• Alternative Use

  Use

  Valuation

  Residential

  $308,438

  Hospitality

  $282,528

  Educational

  $235,060

  Medical

  $243,144

  Retail

  $365,648

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5577

Longitude

-119.791

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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