Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store
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(Bike/Boat/Book/etc) Store
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Building Supply
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
MUMC · Reno, NVZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for MUMC in Reno, NV.
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