1901 Silverada BlvdReno, NV 89512

Property Details for 1901 Silverada Blvd

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.43 AC

Property size (Sq ft)

90,440 SF

Zone code

GC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

026-282-13

APU

2628213

Description

This exceptional Class A, 125,000 square foot, grocery-anchored shopping center at 1901 Silverada Blvd, Reno, NV 89512, presents a compelling investment opportunity. The property boasts seven single-story buildings situated on a spacious 10.43-acre lot. Currently undergoing extensive renovations commencing in early 2024, this center is poised for significant growth and enhanced performance. The renovations are designed to transform this already successful asset into a top-performing property. With a total of 125,000 square feet, there are currently 36,442 square feet of vacant space available for lease, offering various unit sizes ranging from 1,235 to 29,443 square feet, ideal for a variety of retail tenants. The center's prime location in Reno, Nevada, ensures high visibility and accessibility, attracting a substantial customer base. This is a rare chance to acquire a well-positioned, improving retail center in a thriving market. The property's multiple tenancy structure provides diversification and stability, making it an attractive investment for both seasoned and emerging investors. Don't miss this opportunity to capitalize on the revitalization of this prominent Reno shopping destination.

• CAP approach

  CAP return

  Valuation

  6%

  $19,980,478

  6.5%

  $18,443,518

  7%

  $17,126,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,188,836

  Geo Method

  $52,188,836

• Alternative Use

  Use

  Valuation

  Residential

  $15,557,798

  Hospitality

  $14,250,860

  Educational

  $11,856,548

  Medical

  $12,264,313

  Retail

  $18,443,518

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5467

Longitude

-119.784

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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