Entity Owned Property summary
Prime Reno location! This 1,310 sq ft auto shop, situated on a 0.213-acre lot at 901 W 2nd St, offers a unique investment or owner-user opportunity. Located in Reno's Neon Line District, this property boasts a 93 walk score and high visibility due to its corner location and significant traffic. Built in 1964, the single-story building features two roll-up doors and a large canopy, ideal for automotive use or redevelopment. The Mixed-Use Downtown Innovation District zoning (MD-ID) allows for diverse uses. Currently net-leased to MasterTech Automotive on a month-to-month agreement at $2,850 per month (tenant pays property taxes and utilities), this presents a strong cash flow potential. The property's size and zoning allow for significant expansion or redevelopment, capitalizing on the surrounding new high-density residential development. This is a rare chance to acquire a well-located property in a rapidly growing area of Reno, Nevada. The asking price is $975,000, with a price per square foot of $744.27. The APN is 011-011-05.
Property profile
VerifiedCap rate & NOI
Current use
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Medical Clinic
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Medical Clinic
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Medical Clinic
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Physician
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Physician Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired.…
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
MU · Reno, NVThe MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired.…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The MU district is intended to promote an urban pattern of mixed-use development. The MU district is located adjacent to existing/planned high-frequency transit corridors, or where higher pedestrian activity is desired.…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Reno, NV.
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