1 Liberty StReno, NV 89501

Property Details for 1 Liberty St

Year built

1973

Construction

STEEL FRAME

Lot size

0.96 AC

Property size (Sq ft)

23,984 SF

Zone code

MDRD

Property type

Retail properties

Property subtype

Banks

APN

011-165-17

APU

1116517

Description

This exceptional Class A office space, totaling 1,572 square feet, is situated within a well-maintained, 84,091 square foot, six-story high-rise building in the vibrant heart of Downtown Reno. Located at 1 East Liberty Street, at the corner of East Liberty and South Virginia Street, this property offers unparalleled convenience and prestige. The building boasts on-site property management and security, ensuring a safe and efficient work environment. Recent renovations and upgrades enhance the modern appeal of this traditional office space, which also features floor-to-ceiling windows providing stunning views of the city. Amenities include convenient access to a drive-thru Starbucks located in the surface-level parking lot, along with both surface and underground parking options. The building's central location provides easy access to a wide array of restaurants, fitness centers, hotels, and other downtown amenities. The zoning is CB, and the APN is 011-172-14. This space is immediately available and represents a unique opportunity to secure prime office space in a thriving urban environment. The minimum divisible space is 1,572 square feet, with a maximum contiguous space of 2,806 square feet. The building was constructed in 1976 and includes elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $7,035,711

  6.5%

  $6,494,502

  7%

  $6,030,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,840,082

  Geo Method

  $13,840,082

• Alternative Use

  Use

  Valuation

  Residential

  $5,478,356

  Hospitality

  $5,018,144

  Educational

  $4,175,038

  Medical

  $4,318,624

  Retail

  $6,494,502

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.522

Longitude

-119.812

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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