For Sale
$1,325,000

507 4Th St Reno, NV 89512

Prime Downtown Reno Convenience Stores

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity encompasses two adjacent convenience stores located in the heart of Reno, Nevada, at 507 & 535 E 4th St. The properties, situated on a combined 0.25 acres, boast a total square footage ranging from 1,323 to 4,200 square feet, offering significant potential for expansion or redevelopment. Built in 1930 and 1966 respectively, these buildings are zoned MD-ID (Mixed-Use Downtown Innovation District), allowing for a variety of uses beyond their current configuration as mini-marts. The properties are conveniently located in Reno, Washoe County, NV, 89512, providing easy access to a high-traffic area and a dense population base. The asking price for this combined retail investment is $1,325,000. The individual APNs are 008-241-09 and 008-241-06. This presents a rare chance to acquire established businesses in a thriving urban core, with the flexibility to adapt to evolving market demands within the dynamic MD-ID zoning. The properties' location and zoning provide a strong foundation for long-term growth and profitability, making this an attractive investment for both seasoned and emerging investors seeking a foothold in the Reno market. The combined size and strategic location offer significant upside potential for future development or continued operation as successful convenience stores.

Highlights

  • Two adjacent convenience stores in Reno, NV on a 0.25-acre lot.
  • Total building area ranges from 1,323 to 4,200 square feet, offering redevelopment potential.
  • Located at 507 & 535 E 4th St, Reno, NV 89512 (APN 008-241-09 & 008-241-06).
  • Mixed-Use Downtown Innovation District (MD-ID) zoning allows for diverse uses.
  • Asking price: $1,325,000.

Property Details for 507 4Th St

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,323 SF
Year Built
1930
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5315114
Longitude
-119.8073617

FAQs

What type of property is this?
Retail property - Prime Downtown Reno Convenience Stores
Where is the retail property located?
The property is located at 507 4Th St Reno, NV.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two adjacent convenience stores in Reno, NV on a 0.25-acre lot.; Total building area ranges from 1,323 to 4,200 square feet, offering redevelopment potential.; Located at 507 & 535 E 4th St, Reno, NV 89512 (APN 008-241-09 & 008-241-06).
How can I contact the broker?
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507 4Th St
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