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Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Real Estate Agency
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Bank Credit Union
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Law Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MDRD · Reno, NVZoning
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