Property summary
This exceptional investment opportunity encompasses two adjacent convenience stores located in the heart of Reno, Nevada, at 507 & 535 E 4th St. The properties, situated on a combined 0.25 acres, boast a total square footage ranging from 1,323 to 4,200 square feet, offering significant potential for expansion or redevelopment. Built in 1930 and 1966 respectively, these buildings are zoned MD-ID (Mixed-Use Downtown Innovation District), allowing for a variety of uses beyond their current configuration as mini-marts. The properties are conveniently located in Reno, Washoe County, NV, 89512, providing easy access to a high-traffic area and a dense population base. The asking price for this combined retail investment is $1,325,000. The individual APNs are 008-241-09 and 008-241-06. This presents a rare chance to acquire established businesses in a thriving urban core, with the flexibility to adapt to evolving market demands within the dynamic MD-ID zoning. The properties' location and zoning provide a strong foundation for long-term growth and profitability, making this an attractive investment for both seasoned and emerging investors seeking a foothold in the Reno market. The combined size and strategic location offer significant upside potential for future development or continued operation as successful convenience stores.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Food Market
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
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MDID · 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 MDID in Reno, NV.
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