300 2Nd St Reno, NV 89501
- Office buildings
- 519,840 SF
- 1.08 lot acres
Current Use by Public Records
- Be The Genius / Video Production Service
- Eye-Com Corporation / Optometrist / Research And Development
- Reno-Tahoe Anesthesia / Medical Group
- Regus / Business Center / Coworking Space
- National Council of Juvenile and Family Court Judges / Non-Profit Organization
Property Details for 300 2Nd St
- Year built
- 1981
- Construction
- FRAME
- Lot size
- 1.08 lot acres
- Property size
- 519,840 SF
- Zone code
- MDRD
- Property type
- Office buildings
- APN
- 011-078-05
- APU
- 1107805
Description
Park Center Tower, located at 300 E 2nd St, Reno, NV 89501, offers exceptional office space in the heart of Downtown Reno's Freight House District. This Class B building, constructed in 1981, boasts a total of 136,497 square feet and currently has two available suites ranging from 9,105 to 14,699 square feet. The building caters to a diverse tenant base, including law firms, trust companies, CPAs, tech companies, and customer service centers, reflecting its versatile and desirable location. Its strategic position across from the Reno Aces AAA baseball stadium provides excellent visibility and accessibility. Parking is ample, with a 7:1000 ratio. The building's amenities include a newly added on-site fitness center and a 15th-floor executive conference room offering stunning views, available for all tenants' use. Adding to the convenience, a Courtyard by Marriott hotel is adjacent to the building. Nearby dining options include popular establishments such as Mellow Fellow Pub, Louie's Basque Corner, and The Depot Distillery and Brewery. A Darkshot Coffee Shop is slated to open on the ground floor in 2022. This property presents a unique opportunity for businesses seeking a vibrant and well-connected location in Downtown Reno. The building offers both traditional and executive office spaces, making it suitable for a variety of business needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $28,415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $29,905,000
- 6.5%
- $30,545,000
- 7%
- $27,795,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $24,120,000
- Geo Method
- $28,650,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $26,430,000
- Retail
- $32,400,000
- Mixed-Use
- $24,935,000
- Hospitality
- $31,645,000
- Educational
- $31,425,000
- Residential Income
- $28,735,000
- Energy
- $27,760,000
- Income-Based Land
- $31,785,000
- Food Service
- $31,840,000
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.809
- Latitude
- 39.5273
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
