604 Lander StReno, NV 89509

Property Details for 604 Lander St

Year built

1917

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

2,310 SF

Zone code

PO

Property type

Office buildings

APN

011-216-01

APU

1121601

Description

This exceptional two-story, 3,290 square foot office building, situated on a 0.115-acre corner lot in Reno's vibrant downtown, presents a compelling owner-user or investment opportunity. Built in 1917 and renovated in 1947, the property boasts a timeless brick exterior, abundant natural light from numerous windows, and meticulously crafted landscaping. The building includes a finished basement adding approximately 980 square feet of usable space, totaling approximately 3,290 square feet across three levels accessible by stairs. A detached two-car garage and ample driveway parking accommodate up to four vehicles, supplemented by abundant street parking. The property features a conference area, numerous private offices, workspace, closets, and two restrooms. The layout is adaptable to suit various professional needs. The lower level provides ideal storage or additional workspace. A new roof was installed in 2008. The PO (Professional Office) zoning is perfect for owner-occupancy or redevelopment. This property has been owned and used by the same owner for over 40 years. Its prime location offers proximity to courthouses, the financial district, entertainment, restaurants, retail, and housing. The asking price is $1,400,000 ($425.53/sq ft). A virtual tour is available.

• CAP approach

  CAP return

  Valuation

  6%

  $460,979

  6.5%

  $425,519

  7%

  $395,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $528,967

  Geo Method

  $528,967

• Alternative Use

  Use

  Valuation

  Residential

  $527,644

  Hospitality

  $483,319

  Educational

  $402,115

  Medical

  $415,945

  Retail

  $625,513

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5189

Longitude

-119.815

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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