For Sale
$1,700,000

924 Virginia StReno, NV 89502

5,864 SF Office, Vacant, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, located in Reno's vibrant Midtown district at 924 S Virginia St, presents a compelling owner-user or redevelopment opportunity. The 5,864 square-foot, single-story building, constructed in 1960 and renovated in 1980, sits on a sizable 18,032 square-foot lot (APN: 011-334-16, 011-334-17 & 011-334-04) encompassing the main building and two adjacent parcels totaling 0.414 acres of land. Currently vacant, this property offers significant potential. The building features ample natural light from skylights throughout. The roof underwent an overlay installation approximately in 2020. This prime location boasts proximity to over 250 businesses, including numerous restaurants, bars, and shops. A key advantage is the existing supplemental income generated from the parking lots, currently yielding $1,000 per month. The property is zoned MU-MC (Mixed-Use Midtown Commercial) and is designated as a Qualified Opportunity Zone, presenting attractive investment incentives. This offering includes the main office building (approximately 5,864 square feet on a 9,757 square-foot lot), and two additional parcels (approximately 4,791 and 3,484 square feet respectively). The asking price is $1,700,000.

Highlights

  • Excellent owner-user or redevelopment opportunity.
  • 5,864 SF single-story building, Midtown Reno location, built 1960, remodeled mid-1980s.
  • South Virginia Street location, near South Center Street, includes 0.414-acre parking lot.
  • Located in a Qualified Opportunity Zone (QOZ).
  • Generates supplemental parking income ($1,000/month).
  • Roof overlay installed approximately 2020.

Property Details for 924 Virginia St

Property type
Retail properties, Office properties
Square Feet
5,864 SF
Year Built/Renovated
1960/1980
Buildings
1
Stories
1

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5161488
Longitude
-119.8079644
924 Virginia St, Reno, Nevada

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924 Virginia St
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