5260 Longley LnReno, NV 89511

Property Details for 5260 Longley Ln

Year built

2008

Construction

WOOD

Lot size

0.84 AC

Property size (Sq ft)

6,000 SF

Zone code

GC

Property type

Retail space

APN

164-450-14

APU

16445014

Description

This exceptional 6,000 square foot freestanding retail building is ideally located within the desirable Longley Town Center Campus in Reno, Nevada. Situated at 5260 Longley Lane, zip code 89511, this single-tenant property offers a prime opportunity for a variety of businesses, particularly those in the medical or retail sectors. The building's convenient location provides easy access to major thoroughfares including McCarran, Longley, and Double R boulevards. Ample parking is available for tenants and their clients. A significant advantage is its proximity to the new Northern Nevada Medical Center, directly across the street, making it an especially attractive location for medical practices, spas, or related businesses seeking high visibility and convenient access for patients. The property is classified as retail with a medical/office subtype in Washoe County. This is a single-tenant occupancy building. The property's strategic location and ample parking make it a highly desirable commercial space. This presents a unique opportunity to establish a thriving business in a rapidly growing area of Reno.

• CAP approach

  CAP return

  Valuation

  6%

  $1,760,101

  6.5%

  $1,624,709

  7%

  $1,508,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,462,329

  Geo Method

  $3,462,329

• Alternative Use

  Use

  Valuation

  Residential

  $1,370,503

  Hospitality

  $1,255,373

  Educational

  $1,044,456

  Medical

  $1,080,376

  Retail

  $1,624,709

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.4743

Longitude

-119.764

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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