170 Virginia StReno, NV 89501

Property Details for 170 Virginia St

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.36 AC

Property size (Sq ft)

17,459 SF

Zone code

MDRD

Property type

Office properties

Property subtype

Office buildings

APN

011-603-06

APU

1160306

Description

This exceptional 7,388 square foot office space, located on the second floor of the State Street Plaza in Downtown Reno, offers a prime location with unparalleled visibility from South Virginia Street. Built in 2009, this two-story, 17,365 square foot mixed-use building boasts a blend of traditional and creative office space, perfect for a variety of businesses. The suite is elevator-served and features abundant natural light from large windows, providing phenomenal views. High-speed data, including fiber optic cable, is readily available. The building's convenient location places tenants within walking distance of Reno's entertainment, financial, and casino districts, as well as numerous restaurants and coffee shops. It's directly adjacent to the Pioneer Center for the Performing Arts. Parking is easily accessible with surface-level parking across South Virginia Street, reserved covered parking in an attached garage, and ample metered street parking nearby. A shared, professionally maintained boardroom with a wet bar is available for tenant use at no additional cost. The building's first floor houses popular retail establishments, adding to the vibrant atmosphere. The zoning is MUDR, and the APN is 011-603-06. This is a rare opportunity to secure a well-appointed office space in the heart of Downtown Reno.

• CAP approach

  CAP return

  Valuation

  6%

  $3,161,635

  6.5%

  $2,918,432

  7%

  $2,709,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,997,936

  Geo Method

  $3,997,936

• Alternative Use

  Use

  Valuation

  Residential

  $3,618,856

  Hospitality

  $3,314,852

  Educational

  $2,757,918

  Medical

  $2,852,768

  Retail

  $4,290,096

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5237

Longitude

-119.811

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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