901 W 2nd St
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901 W 2nd St
1,310 SF Retail Building Reno, NV 89503 $975,000 ($744/SF)
Investment Highlights
- In Downtown Reno’s newly formed “Neon Line District”
- Mixed- Use Zoning
- 1/5 acre lot
Executive Summary
901 West 2nd Street, in Downtown Reno’s newly formed “Neon Line District” is a unique opportunity to purchase a net-leased investment, OR an Owner-User opportunity for allowed automotive use or redevelopment. Sitting on over 1/5 acre lot, this unique offering is zoned commercial and allows for several different uses. Already surrounded by new development, including several high-density infill apartment buildings, this site boasts a 93 walk score and sits on a highly visible and trafficked corner. With two roll-up doors and a large canopy, there are many potential re-designs of the property, and the lot will allow for much larger development if desired.
The current Tenant, MasterTech Automotive has leased the property for nearly 20 years and is on a month-to-month agreement paying $2,850 per month in addition to property taxes and all utilities
The current Tenant, MasterTech Automotive has leased the property for nearly 20 years and is on a month-to-month agreement paying $2,850 per month in addition to property taxes and all utilities
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,310 SF
Building Class
C
Year Built
1964
Price
$975,000
Price Per SF
$744
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
MD-ID - Mixed-Use Downtown Innovation District
Parking
10 Spaces (7.63 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 011-011-05 | Improvements Assessment | $22,887 (2024) |
| Land Assessment | $63,473 (2024) | Total Assessment | $86,359 (2024) |
PROPERTY TAXES
Parcel Number
011-011-05
Land Assessment
$63,473 (2024)
Improvements Assessment
$22,887 (2024)
Total Assessment
$86,359 (2024)
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901 W 2nd St
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