25 La Rue Ave Reno, NV 89509
- Retail space
- 3,254 SF
- 0.31 lot acres
Current Use by Public Records
- Iglesia De Dios Camino De Santidad Cristo Viene / Church / Religious Institution
Property Details for 25 La Rue Ave
- Year built
- 1948
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 lot acres
- Property size
- 3,254 SF
- Zone code
- MUMC
- Property type
- Retail space
- APN
- 011-331-06
- APU
- 1133106
Description
This exceptional mixed-use property, located at 25 La Rue Avenue in Reno, Nevada's vibrant Midtown district, presents a compelling investment opportunity. Situated on a sizable 0.31-acre corner lot at the intersection of South Virginia Street and La Rue Avenue, this property offers unparalleled accessibility and visibility. The existing structures, totaling 4,402 gross square feet, are currently configured as a market, a church, and a billboard, generating immediate income potential. Built in 1968, the property is zoned MUMC, allowing for a wide range of commercial uses. Its strategic location provides easy access to major transportation arteries, including Interstates 580 and 80, ensuring high traffic flow and convenient access for customers and employees. The property is being sold "As-Is" with no repairs included, offering buyers the flexibility to renovate existing structures or develop new ones to suit their specific business needs. Priced at $2,150,000, or $488.41 per square foot, this property represents a significant value proposition in a highly sought-after location. The substantial lot size and flexible zoning provide ample room for expansion and future development, making it an ideal investment for entrepreneurs and developers alike. Don't miss this chance to acquire a thriving commercial property in the heart of Reno's dynamic Midtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $235,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $320,000
- Mixed-Use
- $275,000
- Hospitality
- $240,000
- Educational
- $230,000
- Residential Income
- $290,000
- Energy
- $285,000
- Income-Based Land
- $320,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.809
- Latitude
- 39.5165
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
