698 Frst St Reno, NV 89509-1701
- Individual retail properties
- 9,923 SF
- 0.35 lot acres
Nov 16, 2022
Current Use by Public Records
- Peerless Cleaners / Cleaners
- Elite Cleaners Valet / Dry Cleaner / Delivery Service
- Bargain Porta Potty Rental Reno / Portable Toilet Supplier
Property Details for 698 Frst St
- Year built
- 1948
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.35 lot acres
- Property size
- 9,923 SF
- Zone code
- MUMC
- Property type
- Individual retail properties
- APN
- 011-225-03
- APU
- 1122503
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,490,000
- ML approach
- $1,625,000
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Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.811
- Latitude
- 39.5182
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
