For Sale
$1,800,000

1905 Prosperity StReno, NV 89502

High-yield Reno auto shop & multifamily

Overview

Added:
Dec 11, 2024
Days on market:
116
This Reno, NV property offers a compelling investment opportunity with a 6.22% cap rate and a strong NOI of $112,000. The 11,645 square foot mixed-use building, situated on a 13,952 square foot lot (APN 012-192-25), includes an auto shop, multifamily units (10 units), and office/retail space. Built in 1973 and renovated in 2016, this two-story building boasts a prime location in Reno's commercial district, offering easy access to I-80 and US-395, public transportation, and numerous amenities. The property benefits from a thriving business environment, a large population base (over 250,000 within 10 miles), and an average household income of $75,000 annually. The permitted zoning is I. This stabilized investment presents a rare chance to acquire a well-maintained, income-producing asset in a rapidly growing market. The asking price is $1,800,000. The property includes one pad.

Highlights

  • Downtown Reno commercial district location.
  • Excellent freeway access via I-80 and US-395.
  • Convenient public transit and proximity to Reno-Tahoe International Airport.
  • Abundant walkable amenities including restaurants, hotels, and entertainment.
  • Strong economic growth and population increase.
  • Over 250,000 residents within 10 miles, $75,000 average household income.

Property Details for 1905 Prosperity St

Property type
Retail properties, Office properties
Square Feet
11,645 SF
Year Built/Renovated
1973/2016
Buildings
1
Stories
2
Units
10

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5241694
Longitude
-119.7877715
1905 Prosperity St, Reno, Nevada

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1905 Prosperity St
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