22 Hillcrest Dr Reno, NV 89509

This exceptional investment opportunity presents a stabilized, 8,197 square foot retail shopping center in Reno, Nevada. The property, known as Hillcrest Shops, consists of three, two-story buildings totaling 8,197 net rentable square feet, situated on a 0.371-acre lot. Currently boasting 100% occupancy with ten tenants primarily in the beauty and wellness sector, the center generates a strong net operating income (NOI) of $172,057, resulting in a 6.49% capitalization rate. The asking price is $2,650,000, translating to $323.29 per square foot. Built in 1960 and extensively renovated in 2024, the property features newly installed siding and roofing on all three buildings, along with a freshly paved parking lot. The interior of each unit has also undergone a complete renovation, providing modern, turnkey spaces. Located at 22 Hillcrest Dr, Reno, NV 89502, the property benefits from a prime location across from the Reno Experience District (RED), a vibrant new development with high-density luxury apartments and experiential venues, ensuring high foot traffic and visibility. Its proximity to a busy strip mall further enhances its desirability. The property is zoned MU and offers a compelling investment opportunity for those seeking stable cash flow and potential appreciation in a thriving Reno location.