698 Frst St, Reno, NV 89509-1701
This exceptional two-story storefront, located at 698 Forest St in Reno, Nevada, presents a compelling investment opportunity. Boasting 13,600 square feet on a 0.346-acre lot (APN 011-225-03), this stand-alone building commands excellent visibility on Forest Street and Saint Lawrence Avenue. Situated in Reno's desirable Midtown District, the property benefits from a high daily traffic count of 20,220 vehicles on nearby South Virginia Street, a major thoroughfare. The building is zoned MU-MC and offers eight dedicated parking spaces, supplemented by readily available street parking. The asking price is $3,740,000, translating to $275 per square foot. This prime retail location provides significant potential for a variety of commercial uses, capitalizing on the area's strong foot and vehicle traffic. The property's size and prominent location make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving Reno neighborhood. The building's stand-alone nature and dedicated parking further enhance its appeal.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUMC · Reno, NVReno. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.