For Sale
$1,400,000

652 Forest StReno, NV 89509

Prime Reno location, 3 buildings, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Reno's vibrant Midtown area. This property encompasses three buildings on two parcels totaling 0.37 acres, offering a unique blend of income-generating potential and prime office space. The main building, a 3,502 square foot executive office space, features a spacious layout, four bathrooms, and 1,383 square feet of basement storage. Its corner lot location ensures maximum visibility and accessibility. Two additional rental homes provide supplemental income; one is 458 square feet, generating $1,050 monthly rent, and the other is 168 square feet, generating $500 monthly rent. Ample parking is available with 16 designated spots. The property boasts a fully landscaped exterior and is situated near commercial centers, restaurants, and cultural attractions. The main office building is zoned MU-MC. The total square footage is 4,128 square feet, with a net rentable area of 4,128 square feet. The asking price is $1,400,000, resulting in a price per square foot of $339.15. The current Net Operating Income (NOI) is $15,605. The property was built in 1940 and includes three buildings. The property's address is 652 Forest St, Reno, NV 89509. APN: 011-225-02 (and an additional APN: 011-225-01). Matterport 3D renderings of the office building are available online. This owner/user investment presents a compelling opportunity for both business owners and investors seeking a strong return.

Highlights

  • $1,400,000 asking price for this Midtown Reno office property.
  • 4,128 square feet of office space in a Class B building.
  • Three buildings on a 0.37-acre lot, including a 3,502 sq ft main office building with 1,383 sq ft of basement storage and two smaller rental units.
  • Strong NOI of $15,605.
  • Located at 652 Forest St, Reno, NV 89509 (APN 011-225-02).

Property Details for 652 Forest St

Property type
Office properties
Square Feet
4,128 SF
Class
B
Year Built
1940
Buildings
3
Lot Size (sq. ft)
16,117 SF
Units
3

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5186065
Longitude
-119.8110394
652 Forest St, Reno, Nevada

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652 Forest St
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