11 Sierra StReno, NV 89501

  • Sports & entertainment properties
  • 50,116 SF
For Lease
$22.20/SF/YR View listing

Property Details for 11 Sierra St

Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.34 AC
Property size (Sq ft)
50,116 SF
Zone code
MDRD
Property type
Sports & entertainment properties
Property subtype
Theaters & concert halls
APN
011-440-01
APU
1144001

Description

This exceptional retail property, located at 11 N Sierra Street in Reno, Nevada, offers 50,116 square feet of space across nine suites in a single-story, Class B building constructed in 1999. The property sits on a 1.33-acre lot and is zoned MD-RD. Individual suite sizes range from a minimum of 648 contiguous square feet to a maximum of 49,930 square feet, providing flexibility for various business needs. Currently, two spaces are available for lease. The building features convenient access to off-site covered parking located directly across West First Street. This prime location is situated in the heart of Reno's vibrant Downtown entertainment district, benefiting from a strong daytime workforce of approximately 40,000 and a growing residential population. Its proximity to Reno's casino and business districts further enhances its appeal. Suite 100 will become available on December 1st, 2024. The property's APN is 011-440-01. This is a unique opportunity to establish a presence in a thriving and dynamic urban core.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,447,352
    Hospitality
    $10,485,713
    Educational
    $8,723,990
    Medical
    $9,024,021
    Retail
    $13,570,651
11 Sierra St, Reno, Nevada

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.525
Longitude
-119.815
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
$103,212
$551,773
$2,038,227
$2,590,000
-
$1,576,494
$5,823,506
$7,400,000

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