698 Forest StReno, NV 89509

  • Retail properties
  • 9,923 SF
For Sale
$3,740,000 View listing

Property Details for 698 Forest St

Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.35 AC
Property size (Sq ft)
9,923 SF
Zone code
MUMC
Property type
Retail properties
Property subtype
Other individual retail properties
APN
011-225-03
APU
1122503

Description

This exceptional two-story storefront, located at 698 Forest St in Reno, Nevada, presents a compelling investment opportunity. Boasting 13,600 square feet on a 0.346-acre lot (APN 011-225-03), this stand-alone building commands excellent visibility on Forest Street and Saint Lawrence Avenue. Situated in Reno's desirable Midtown District, the property benefits from a high daily traffic count of 20,220 vehicles on nearby South Virginia Street, a major thoroughfare. The building is zoned MU-MC and offers eight dedicated parking spaces, supplemented by readily available street parking. The asking price is $3,740,000, translating to $275 per square foot. This prime retail location provides significant potential for a variety of commercial uses, capitalizing on the area's strong foot and vehicle traffic. The property's size and prominent location make it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving Reno neighborhood. The building's stand-alone nature and dedicated parking further enhance its appeal.

698 Forest St, Reno, Nevada

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5182
Longitude
-119.811
CBSA code
39900
CBSA name
RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,673
$100,209
$111,967
$212,176
-
$286,311
$319,905
$606,216

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