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$1,250,000
260009967 MLS
Rare mixed-use, owner-user, investment, and redevelopment opportunity near Downtown Reno. Situated on a prominent, level corner lot at West 2nd and Gardner Streets, this distinctive historic property combines existing residential income, flexible commercial space, substantial storage, and long-term development potential. The main floor and basement were most recently used as professional office and storage space. The main level has partially updated electrical, Ethernet wiring, a dedicated server closet, hardwired perimeter security cameras, and upgraded 200-amp electrical service. The existing layout may suit professional offices, creative space, live-work use, convert back to residential use, or other commercial purposes. Space beside the front entry steps may also accommodate a future ADA-accessible ramp. The second floor contains two residential units: a recently updated studio and a partially updated one-bedroom unit. The studio, main floor, and basement are vacant, offering flexibility for an owner-user, investor, or developer. The one-bedroom unit is leased through the end of the year. A detached three-car garage at the rear is currently used for storage. The basement provides additional storage and improvement potential, was previously used years ago as a 1 bedroom apartment. The property is zoned General Commercial, allowing potential for a broad mix of residential, office, retail, commercial, employment, and service-oriented uses. Buyers may consider adaptive reuse of the existing structure, expansion, or a larger ground-up project. Current zoning standards may permit residential density of up to 45 dwelling units per acre and building height up to 65 feet! Directly across Gardner Street is a Lumen fiber connection spanning San Francisco to New York as well as another fiber line connecting Reno to Southern California, this infrastructure may appeal to technology, communications, professional-service, or infrastructure-oriented users. A mature, city-maintained maple tree along the east side provides abundant shade and adds character to the property. Conveniently located near Downtown Reno, the Truckee River corridor, medical services, restaurants, employment centers, and regional transportation access. The property sits immediately outside the Keystone West border of the current Qualified Opportunity Zone. A new federal 10-year Qualified Opportunity Zone designation cycle is scheduled to begin January 1, 2027, which if included could allow for significant upside potential. A unique opportunity for an owner-user, investor, or developer seeking immediate utility, existing income, flexible occupancy, substantial storage, and long-term upside. Buyer and buyer's agent to independently verify zoning, permitted uses, residential unit legality, leases, square footage, development standards, utilities, fiber availability, and all information provided. Listing Agent and Listing Broker have an ownership interest in the property.

1105 W 2nd St, 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

$525,000
250054928 MLS
POTENTIAL AND OPPRTUNITY!!! This location is part of Midtown Reno. It is a popular district known for its unique shops, restaurants, art galleries, and vibrant atmosphere. It is located south of downtown Reno and is a popular destination for both locals and tourists. Midtown has undergone a significant revitalization, transforming from a neglected area into a thriving hub of activity. The area is known for it's locally owned businesses, historic buildings and art walks. Midtown is considered a homegrown eclectic neighborhood with a mix of old and new offering a unique experience. Start your own business and have access to your own parking lot that could potentially hold at least a dozen cars. This charming remodeled building with hardwood planks, ceramic tile in bathroom, freshly painted and new windows. Garage access to basement. Over 2100 sq ft of useable space.

463 Moran 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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