231 Virginia St Reno, NV 89501

This exceptional opportunity presents the acquisition of The Nugget, a historic casino property situated in the heart of Downtown Reno, Nevada. Built in 1935, this ±8,390 square foot building boasts a rich history and a prime location on N. Virginia St., steps from the iconic Reno Arch. The property features a main floor that previously housed a casino and diner, a basement with storage and prep areas, and a mezzanine level with offices and restrooms. The property is zoned MD-ED (Mixed-Use Downtown Entertainment District) under APN 011-051-13 & 011-051-14. A significant advantage is the inclusion of a rare, grandfathered, non-restricted Nevada gaming license. This license presents a unique value-add opportunity for the new owner, allowing for either on-site operation or potential relocation within the City of Reno Redevelopment Project Area (RDA 1), subject to buyer due diligence and verification. The property's location within a Qualified Opportunity Zone further enhances its investment potential. This is a truly unique opportunity to acquire a piece of Reno history with significant upside potential.