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$2,323,000
260010820 MLS
Fantastic investment opportunity in Reno's desirable Old Southwest neighborhood at the intersection of Arlington Avenue and La Rue Avenue. This unique property consists of three separate buildings across two parcels and offers a variety of potential investment and operational opportunities. The sale includes both parcels, 01131313 and 01131314, associated with 1002 S. Arlington Avenue and 562 La Rue Avenue. Please see associated documents and property flyer for additional property information and details. Listing agent must be present for all showings. 1002 S. Arlington Avenue: The first building was originally constructed as a single-family home and has historically been converted and operated as a boarding house. The Historical Board has approved the use as a boarding house, allowing rooms to be leased to individual residents. More recently, the property has been approved and is currently being operated as supportive housing. This parcel contains two buildings and is zoned MF-14, providing flexibility for continued residential use and potential future opportunities, subject to applicable zoning and permitting requirements. Four-Unit Apartment Building: The second building is a four-unit apartment building consisting of two three-bedroom units and two two-bedroom units. Each unit includes one full bathroom, a full kitchen, its own water heater, and its own furnace. This building shares the parcel with 1002 S. Arlington Avenue and is zoned MF-14. The individual utility systems and unit layouts provide a practical residential configuration and an established income-producing component to the overall property. 562 La Rue Avenue: The third building is a single-story home that was converted into a boarding house and has historically operated as such. Although the property remains zoned single-family, the grandfathered boarding-house use has been allowed to continue under the current supportive-housing operation. The office for the existing operation is located within this building, along with food storage supporting the current use. With three buildings, multiple residential units, established boarding-house and supportive-housing uses, and a prime Old Southwest location, this property offers a rare combination of existing income potential and future possibilities. The opportunities for this property are extensive. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, historical approvals, occupancy, and future development potential.

1002 S Arlington Ave, Reno

$1,595,000
260009386 MLS
Located in the highly desirable Southwest Professional Centre, this impressive 4,562-square-foot office offers an outstanding opportunity for businesses seeking a professional, well-designed workspace in the heart of Southwest Reno. The thoughtfully designed floor plan offers generous office space, abundant storage, and a fully finished lower level complete with a private office and restroom—perfect for executive offices, additional workspace, secure storage, training, or countless other business needs. A rare three-car garage provides secure parking, extra storage, or space for vehicles, an amenity seldom found in commercial office properties. Opportunities like this don't come along often. All furnishings may be available separately. Buyers and Buyer's Agent to verify all information. Agents please see private remarks.

441 W Plumb Ln, Reno

$1,150,000
250055290 MLS
Seize the opportunity to own this versatile mixed-use building in the highly coveted Midtown Reno area. This two-story property offers a unique blend of commercial and residential zoning, making it an ideal investment for entrepreneurs, investors, or businesses. The building can accommodate a variety of businesses. It has a prime location, ample parking, and potential for future development. Plenty of room to build a residential building on the lot behind. So much untapped value in this property. The main level is currently available for lease, and to optimize current rental rates. The upstairs features a welcoming reception area, perfect for greeting clients and guests. One large space and one office are available for rent, offering flexibility for new tenants or businesses looking to expand. One upstairs space is currently rented on a month-to-month lease. All of the spaces are large, well-lit, and adaptable to professional needs. Businesses such as karate studios, nail salons, spas, therapists, and dance studios have occupied the spaces over the past 20 years. The property features a generous lot at the back, currently used for parking. This space can accommodate multiple vehicles, and the street also offers parking, ensuring convenience for tenants and clients. The large lot offers significant development opportunities. Depending on county regulations, this space could be transformed into a multi-family building or another office structure, maximizing the property value and utility. With an established tenant and multiple available office spaces, this property offers immediate rental income with growth potential, benefiting from easy access to a vibrant community. Midtown is known for its eclectic mix of shops, dining, and entertainment options, making it a highly desirable area for both businesses and residents. There is the possibility of living upstairs and running your business downstairs, offering a very unique opportunity in a highly walkable area. Seller has installed a new A/C system on both floors, including new condensers.

235 W Pueblo St, Reno

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Data last updated on 06/28/2017.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Northern Nevada Regional MLS. Real estate listings held by brokerage firms other than owner of this page are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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