1905-1915 Prosperity St
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1905-1915 Prosperity St
11,645 SF 100% Leased Retail Building Reno, NV 89502 $1,800,000 ($155/SF) 6% Cap Rate
Investment Highlights
- Centrally Located
- Mixed Use Investment Property
Executive Summary
Welcome to 1905 Prosperity Street, a commercial property located in the business hub of Reno, Nevada. This unique property offers an opportunity for an investor or owner/user businesses seeking a strategic location with high visibility, updated facilities, and excellent access to local amenities and transportation networks.
Location Highlights
Prime Location: Situated in the heart of Reno's commercial district
Accessibility: Easy access to I-80 and US-395 highways
Public Transportation: Close proximity to bus lines and Reno-Tahoe International Airport
Nearby Amenities: Restaurants, hotels, shopping centers, and entertainment venues within walking distance
Economic Growth Area: Located in a region experiencing significant economic development and population growth
Demographics
Population: Over 250,000 residents within a 10-mile radius
Average Household Income: $75,000 annually
Business Environment: Home to over 5,000 businesses, ranging from startups to Fortune 500 companies
Education: Access to a well-educated workforce with nearby universities and colleges
Location Highlights
Prime Location: Situated in the heart of Reno's commercial district
Accessibility: Easy access to I-80 and US-395 highways
Public Transportation: Close proximity to bus lines and Reno-Tahoe International Airport
Nearby Amenities: Restaurants, hotels, shopping centers, and entertainment venues within walking distance
Economic Growth Area: Located in a region experiencing significant economic development and population growth
Demographics
Population: Over 250,000 residents within a 10-mile radius
Average Household Income: $75,000 annually
Business Environment: Home to over 5,000 businesses, ranging from startups to Fortune 500 companies
Education: Access to a well-educated workforce with nearby universities and colleges
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,645 SF
Building Class
B
Year Built
1973
Price
$1,800,000
Price Per SF
$155
Cap Rate
6%
NOI
$108,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.83
Lot Size
0.32 AC
Zoning
I - Industrial with mixed use residential above. 5 units Residential 5 units Retail, Office & Light Industrial.
Parking
8 Spaces (0.69 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Air Conditioning
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 012-192-25 | Total Assessment | $233,950 (2024) |
| Land Assessment | $70,806 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $163,143 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
012-192-25
Land Assessment
$70,806 (2024)
Improvements Assessment
$163,143 (2024)
Total Assessment
$233,950 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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1905-1915 Prosperity St
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