2175 Market StReno, NV 89502

Property Details for 2175 Market St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

18,680 SF

Zone code

GC

Property type

Retail properties

Property subtype

Outlet malls

APN

013-311-32

APU

1331132

Description

This 18,680 square foot retail property, located at 2175 Market Street in Reno, Nevada (89502), offers a flexible space ideal for multiple tenants. The building, constructed in 1985, is a single-story Class C structure situated on 1.49 acres of land (APN: 013-311-32, Washoe County). Currently, 8,900 square feet are vacant, divisible into a minimum of 8,900 square feet and a maximum contiguous space of 8,900 square feet. The property features an end unit with a fenced storage area and benefits from excellent exposure on I-580, enhanced by recently installed freeway monument signage. The center boasts a strong tenant base, including established businesses like Big Brand Tire, Road Rider, and Street Rider. The zoning is GC. This presents a unique opportunity for businesses seeking high visibility and convenient freeway access in a well-established retail center. The property's location provides easy access to major transportation routes and a thriving commercial area. The available space is perfect for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,126,884

  6.5%

  $3,809,431

  7%

  $3,537,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,779,384

  Geo Method

  $10,779,384

• Alternative Use

  Use

  Valuation

  Residential

  $3,213,398

  Hospitality

  $2,943,455

  Educational

  $2,448,920

  Medical

  $2,533,142

  Retail

  $3,809,431

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5186

Longitude

-119.784

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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