1251 Virginia StReno, NV 89502

This exceptional 17,600-square-foot storefront building presents a compelling redevelopment opportunity in Reno's vibrant Midtown district. Situated on a prominent corner lot spanning 37,070 square feet (0.85 acres), this property boasts unparalleled visibility on South Virginia Street, a thoroughfare known for its high traffic volume. The building, constructed in 1949, is a single-story structure with MU-MC zoning, allowing for a diverse range of commercial uses. Its prime location is surrounded by Reno's most popular restaurants and bars, benefiting from the area's thriving culinary and entertainment scene. Recent street improvements have enhanced pedestrian accessibility, creating an ideal urban environment. Significant multifamily development in the area has increased residential density, further bolstering the commercial potential of this location. This property offers a unique chance to acquire a substantial block of commercial space in Northern Nevada's most desirable submarket. The existing building could be redeveloped into a multi-tenant project, or a new construction could be undertaken. The asking price is $4,850,000, translating to $275.57 per square foot. The property's Assessed Parcel Number (APN) is 014-125-14. This is an unparalleled chance to capitalize on the continued growth and desirability of Reno's Midtown.