247 California Ave Reno, NV 89501
High-yield, multi-tenant office complex.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Rare downtown Reno investment opportunity, two income-producing buildings totaling 13,082 square feet.
- 100% occupied, 16 tenants, generating ~$173,076.27 annual NOI.
- Located on a 0.42-acre lot (APN 011-181-15) at 247 California Ave and 475 Hill St.
- Priced at $4,195,000, offering significant upside potential due to below-market leases.
Property Details for 247 California Ave
- Property type
- Retail properties, Office properties
- Square Feet
- 13,082 SF
- Year Built
- 1952
- Buildings
- 2
- Stories
- 1
- Lot Size (sq. ft)
- 18,295 SF
Location Insight
- City
- Reno
- County
- Washoe
- State
- Nevada
- Latitude
- 39.5202799
- Longitude
- -119.814075
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, multi-tenant office complex.
- Where is the retail property located?
- The property is located at 247 California Ave Reno, NV.
- What is the asking price?
- The asking price for this property is $4,195,000.
- What are key features of this property?
- This property features: Rare downtown Reno investment opportunity, two income-producing buildings totaling 13,082 square feet.; 100% occupied, 16 tenants, generating ~$173,076.27 annual NOI.; Located on a 0.42-acre lot (APN 011-181-15) at 247 California Ave and 475 Hill St.
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