100 N Sierra St Reno, NV 89501

Property Details for 100 N Sierra St

Year built

1957

Construction

FRAME

Lot size

0.32 lot acres

Property size

41,626 SF

Zone code

MDRD

Property type

Turn key restaurants

APN

011-061-09

APU

1106109

Description

This exceptional three-story, 55,626 square foot mixed-use building at 100 N Sierra Street in Reno, Nevada, presents a unique owner-user opportunity. Located in the heart of downtown, across from the Century Riverside 12 Theater, this Class A property boasts a prime location surrounded by thriving restaurants, bars, shops, and residential areas. Built in 1957 and extensively renovated in 2020, the building features a new roof, HVAC system, modernized elevator, renovated lobby, and 12 new exterior windows. The basement is fully improved, and the entire third floor is vacant and ready for custom build-out, offering significant potential for expansion or adaptation to suit specific business needs. The property sits on a 13,983 square foot lot and is zoned MD-RD (Reno Mixed Use Downtown Riverwalk District). Current tenants include Liberty Food & Wine Exchange, Reno Axe & Social, Claggett & Sykes Law Firm, and The Agency, demonstrating strong occupancy and rental income potential. The building's recent upgrades, combined with its desirable location and existing high-quality tenants, make this an exceptional investment opportunity for owner-users seeking a prominent presence in Reno's vibrant downtown core. The asking price is $10,500,000. The property's APN is 011-061-09. Occupancy commenced June 10, 2022.

Location Insight

City

Reno

County

Washoe

State

Nevada

Longitude

-119.814

Latitude

39.5257

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments