Property summary
This two-story, 7,698 square foot retail strip center in Reno, Nevada's South Meadows submarket, presents a compelling investment opportunity. Built in 2007, the property is situated at 7520 Longley Lane, near the intersection of Longley Lane and South Virginia Street, offering convenient access to Interstate 395. The center features a mix of uses, as indicated by its Mixed-Use Suburban zoning. Currently, 3,491 square feet of retail space is available, previously occupied by a martial arts studio. This space boasts an open floor plan on the first floor, including two bathrooms and storage, and a mezzanine level offering an additional 1,441 square feet. The property's location provides excellent visibility and proximity to various restaurants and fast-food establishments, ensuring high foot traffic and potential for strong tenant occupancy. The Washoe County property (APN 164-110-04) offers a unique chance to acquire a well-located retail space in a thriving Reno neighborhood. The building's total area is 7,698 square feet, spread across two stories. This presents a versatile space suitable for a variety of retail businesses. The property's strategic location near major roadways and amenities makes it an attractive option for both investors and potential tenants.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Dental Office
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Dental Office
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(Bike/Boat/Book/etc) Store Clothing & Fashion Store
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MS · Reno, NVThe MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The MS district is intended to promote the gradual transition of the City suburban corridors to a mix of higher-density residential, retail, commercial, and other employment and service-oriented uses. Mixed-Use Suburban…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MS in Reno, NV.
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