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Property summary
This exceptional 2,785 square foot mixed-use building presents a rare investment opportunity in Reno's desirable Midtown area. Situated on a 0.16-acre lot, this two-story property boasts a versatile design suitable for a variety of commercial ventures, complemented by its residential zoning potential. The existing structure offers ample space for a diverse range of businesses, benefiting from its convenient location and readily available parking. The property's zoning allows for flexibility in its use, catering to entrepreneurs seeking a unique business space or investors looking for a high-return asset. Beyond the existing building, the substantial lot size offers significant potential for future development, including the possibility of constructing an additional residential building on the rear portion of the property. This untapped potential adds considerable value to this already attractive investment. The property's prime location in Midtown Reno ensures high visibility and accessibility, making it an ideal choice for businesses seeking a thriving and dynamic environment. This is a truly unique opportunity to acquire a versatile property with significant upside in a highly sought-after area. Priced at $1,200,000, this property offers a compelling return on investment for discerning buyers.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center Alternative Medicine Practice
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Moving Company
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Alternative Medicine Practice Spa & Massage Center
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Engineering Consultant
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Accounting Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Reno market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MURES · Reno, NVZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MURES in Reno, NV.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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