651 4Th StReno, NV 89512

Property Details for 651 4Th St

Year built

1955

Construction

METAL FRAME

Lot size

0.19 AC

Property size (Sq ft)

1,296 SF

Zone code

MDID

Property type

Auto shops

APN

008-242-07

APU

824207

Description

This exceptional 1,296 square foot freestanding retail building, located at 651 East 4th Street in Reno, Nevada, presents a unique opportunity. Built in 1955, this single-story structure sits on a single lot and offers a versatile layout including a spacious main area, a front office/reception area, and two restrooms. Detailed floor plans are available upon request. The property's strategic location at the intersection of East 4th Street and Eureka Avenue provides excellent visibility and accessibility, with convenient proximity to the I-80/Wells Avenue freeway on-ramp (less than half a mile away). Currently vacant, this space is ideal for a variety of retail uses. The property is zoned MD-ID Mixed-Use Innovation District, and automotive uses are no longer permitted

• CAP approach

  CAP return

  Valuation

  6%

  $286,319

  6.5%

  $264,295

  7%

  $245,416

• Comparable approach

  Method

  Valuation

  Relative Method

  $747,863

  Geo Method

  $747,863

• Alternative Use

  Use

  Valuation

  Residential

  $222,942

  Hospitality

  $204,214

  Educational

  $169,904

  Medical

  $175,747

  Retail

  $264,295

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5318

Longitude

-119.805

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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