2615 Mill St Reno, NV 89502
- Warehouses
- 52,000 SF
- 1.97 lot acres
Current Use by Public Records
- Speedy Car Shipping Reno / Trucking Company
Property Details for 2615 Mill St
- Year built
- 1969
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.97 lot acres
- Property size
- 52,000 SF
- Zone code
- MU
- Property type
- Warehouses
- APN
- 012-220-21
- APU
- 1222021
Description
This exceptional 52,080-square-foot warehouse, located at 2615 Mill St in Reno, Nevada (zip code 89502, APN 012-220-21), presents a compelling investment opportunity. Currently 100% occupied, the property boasts a strong in-place income stream with significant potential for rental increases in the near future. Built in 1969 and situated within the MU zoning district, this industrial building features a 20-foot ceiling height, providing ample storage and operational space. The property has recently undergone substantial improvements, including complete repaving, new curbing, and fresh exterior paint, all completed in 2024. Furthermore, a contract is in place for a full roof replacement, ensuring long-term structural integrity. This prime location is adjacent to the planned GSR development, promising future growth and increased property value. The asking price is $7,900,000, translating to $151.69 per square foot. This is a rare opportunity to acquire a well-maintained, high-performing industrial asset in a rapidly developing area of Reno. The property offers a solid return on investment with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,190,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,140,000
Market price range: $1.14M - $3.26M
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.779
- Latitude
- 39.5186
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
