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Mill Grand Gateway 2597 Mill St

97,000 SF Vacant Office Building Reno, NV 89502 $9,700,000 ($100/SF)

Investment Highlights

  • This property sits directly at gateway entrance to the Grand Sierra Resort
  • Offers flexibility and adaptability for a range of retail businesses from retail and restaurants to light industrial & flex

Executive Summary

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
97,000 SF
Building Class
C
Year Built
1970
Price
$9,700,000
Price Per SF
$100
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
52,000 SF
Building FAR
1.13
Lot Size
1.97 AC
Zoning
MU - Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses from retail and restaurants to light industrial & flex
Parking
122 Spaces (1.26 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Banking
  • Controlled Access
  • Fitness Center
  • Food Service
  • Restaurant
  • Signage
  • Waterfront
  • Storage Space
  • Central Heating
  • Open-Plan
  • Secure Storage
  • Air Conditioning
  • Fiber Optic Internet

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 5,000-40,000 SF
  • Retail
  • Full Build-Out
  • Now

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

  • 2nd Fl-Ste Upstairs
  • 5,000-45,000 SF
  • Office/Retail
  • Partial Build-Out
  • Now

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

Space Size Space Use Condition Available
1st Floor 5,000-40,000 SF Retail Full Build-Out Now
2nd Fl-Ste Upstairs 5,000-45,000 SF Office/Retail Partial Build-Out Now

1st Floor

Size
5,000-40,000 SF
Space Use
Retail
Condition
Full Build-Out
Available
Now

2nd Fl-Ste Upstairs

Size
5,000-45,000 SF
Space Use
Office/Retail
Condition
Partial Build-Out
Available
Now

1st Floor

Size 5,000-40,000 SF
Space Use Retail
Condition Full Build-Out
Available Now

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

2nd Fl-Ste Upstairs

Size 5,000-45,000 SF
Space Use Office/Retail
Condition Partial Build-Out
Available Now

Extraordinary chance to own a commercial property with prime exposure and accessibility at 2597 Mill St. This property sits directly at gateway entrance to the Grand Sierra Resort and offers exceptional marquee visibility from the bustling I-580 freeway with over 190,000 daily vehicle trips (NDOT), ensuring maximum exposure for your business. This expansive 97,000 SF building, comprising 52,000 SF lower level and a 45,000 SF mezzanine, presents a lucrative investment potential. Strategically zoned MU, it offers flexibility and adaptability for a range of retail businesses. Currently at 15% occupancy, there is significant potential for immediate growth and increased returns. It also includes an expansive 2+- acre lot with over 100+ parking spaces, providing ample parking for customers and employees. The corner lot configuration opens up drive-through and roll-up door options, catering to a diverse range of potential uses, from retail and restaurants to light industrial and recreation. With the recent announcement of the Grand Sierra Resort's $1 billion entertainment district and new arena for the Nevada Wolf Pack basketball team, this area is poised for explosive growth and development. Secure your place now and capitalize on a huge future opportunity!

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 012-220-36
  • 012-220-19
Land Assessment
$527,999
Improvements Assessment
$953,030
Total Assessment
$1,481,029
  • Listing ID: 32669373

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 2597 Mill St, Reno, NV 89502

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