1145 1St StReno, NV 89503

Property Details for 1145 1St St

Year built

1932

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

1,116 SF

Zone code

GC

Property type

Investment properties

Property subtype

Retail residential properties

APN

010-044-07

APU

1004407

Description

This stunning, fully remodeled 1,116 square foot commercial building at 1145 W 1st St., Reno, NV, presents a unique investment opportunity. The property boasts a prime location, offering easy access to Midtown, downtown Reno, major freeway I-80, and abundant shopping options. Its historic charm is complemented by a complete interior renovation, featuring a brand new HVAC system, a modern kitchen equipped with new appliances, fresh flooring throughout, updated bathroom fixtures, and attractive new landscaping. Adding significant value, the property includes a full, finished basement mirroring the main building's square footage, effectively doubling the usable space. Secure parking is provided within a fully fenced perimeter, accommodating 6-7 vehicles. The seller is flexible and open to considering various purchase options, including a straight lease, lease-option agreement, or owner financing. This exceptional property sits on a 0.16-acre lot and is priced at $699,900. Its blend of historical character and modern amenities makes it an ideal space for a variety of commercial uses. The convenient location and ample parking ensure high visibility and accessibility for clients and employees. Don't miss this chance to own a piece of Reno's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $276,156

  6.5%

  $254,914

  7%

  $236,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,107

  Geo Method

  $396,107

• Alternative Use

  Use

  Valuation

  Residential

  $254,914

  Hospitality

  $233,499

  Educational

  $194,269

  Medical

  $200,950

  Retail

  $302,196

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.523

Longitude

-119.828

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].