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    Property profile & analytics
    OFF-MARKET Estimated value $560,000
    Turn key restaurants

    2195 Virginia St, Reno, NV 89503-1747

    4,142 SF 0.46 ac lot Built 1995
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US62-0594951
    Property summary
    AI-generated overview

    This exceptional 25,517 square foot commercial property, located at 2195 S Virginia St in Reno, Nevada, presents a compelling investment opportunity. Built in 2007, this two-story building sits on a 1.69-acre lot (APN: 019-550-08, 019-550-12) and is zoned MU, offering significant flexibility for various uses. Currently, a tenant occupies 2,500 square feet under a month-to-month lease. The property's diverse zoning allows for a wide range of possibilities, including general retail, commercial kitchens, restaurants (with alcohol service), general office space, medical offices, and medical clinics. The asking price is $7,300,000. This location offers owner-user occupancy potential and is situated within an Opportunity Zone, presenting further redevelopment opportunities for investors seeking to capitalize on tax advantages. The property's size and zoning make it ideal for a variety of businesses seeking a prominent location in Reno, Washoe County, Nevada (Zip Code 89502). This is a rare chance to acquire a substantial commercial property with significant upside potential in a thriving Nevada market.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1995
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 4,142 SF
    Lot 0.46 ac (19,842 SF)
    Zoning code MU
    APN 003-160-21
    UPID US62-0594951
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Art Source Fine Art Gallery & Custom Framing Theater & Performing Art Venue
    • Wilbur D. May Arboretum Greenhouse Garden Center Landscaping
    • Reno Custom Framing Center (Bike/Boat/Book/etc) Store Home Decor Store
    • Archie's Giant Hamburgers & Breakfast Restaurant
    • Landscapers - Reno, NV Landscaping
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $415k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $703k
    Blend (final) Blend
    $560k
    Owner & transaction history
    PICKETT LIVING TRUST
    PICKETT LIVING TRUST
    Zoning & alternative use
    MU · Reno, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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