Property summary
The California Hill Portfolio consists of two buildings on a single parcel totaling approximately 13,082 square feet. The 247 California Avenue building is a 7,162-square-foot office and retail property that has historically housed The Cheese Board restaurant, and the 475 Hill Street building is a 5,920-square-foot office building occupied by a mix of professional, creative, and medical tenants. The buildings are configured with tenancy suitable for retail/restaurant use on 247 California Avenue and office use on 475 Hill Street, and the property provides approximately 30 parking spaces plus additional open street parking. The portfolio layout supports multiple tenants, with occupancy reported as fully leased and a total of 16 tenants across both buildings, and it includes existing lease structures with some tenant terms extending beyond near-term timelines. The property is situated in downtown Reno near the Nevada Museum of Art, which has undergone expansion and remodel activity, along with other downtown improvement projects that may influence surrounding commercial demand.
Property profile
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Current use
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Restaurant
Location
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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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