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1715 S Wells Ave 3,740 sq ft 100% Let Retail Property Reno, NV 89502 £858,820 (£229.63/sq ft)
INVESTMENT HIGHLIGHTS
- Located in the heart of Midtown Reno, a vibrant, urban, and walkable neighborhood
- High visibility and foot traffic
- Long-term tenants: Filthy McNasty’s, Magpie Coffee Roasters
EXECUTIVE SUMMARY
Owner would consider seller financing for this vibrant commercial building, located in the heart of Midtown Reno, offering a total of 3,740 square feet of fully leased retail space. Situated in one of Reno’s most popular urban neighborhoods, this property is anchored by two well-established tenants: Filthy McNasty’s, a beloved local bar with deep roots in the community, Magpie Coffee Roasters, a specialty coffee shop and roastery, and Ando, an independant toy and game shop.
Midtown Reno is known for its eclectic, quirky vibe, with a highly walkable and lively atmosphere that draws both locals and visitors alike. Positioned near the bustling intersection of Wells Avenue and South Virginia Street, and just a stone’s throw from the Reno Public Market, the property enjoys prime exposure to both foot traffic and the increasing residential and commercial developments in the area.
With market rents ranging between $2.00 and $2.50 per square foot NNN, this is a great opportunity for investors looking for stable, income-generating assets in a rapidly growing part of the city.
Midtown Reno is known for its eclectic, quirky vibe, with a highly walkable and lively atmosphere that draws both locals and visitors alike. Positioned near the bustling intersection of Wells Avenue and South Virginia Street, and just a stone’s throw from the Reno Public Market, the property enjoys prime exposure to both foot traffic and the increasing residential and commercial developments in the area.
With market rents ranging between $2.00 and $2.50 per square foot NNN, this is a great opportunity for investors looking for stable, income-generating assets in a rapidly growing part of the city.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Property Subtype
Standalone
Property Size
3,740 sq ft
Costar Property Class
C
Year Built
1955
Price
£858,820
Price per sq ft
£229.63
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.66
Total Plot Size
0.13 ac
Opportunity Zone
Yes
Use Class
GC - Retail use
Frontage
54 ft on Wells Ave
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
Walk Score®
Excellent pedestrian access (91)
Bike Score®
Good for cycling (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 014-233-08 | Improvements Assessment | £26,314 |
| Land Assessment | £30,222 | Total Assessment | £56,536 |
PROPERTY TAXES
Parcel Number
014-233-08
Land Assessment
£30,222
Improvements Assessment
£26,314
Total Assessment
£56,536
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1715 S Wells Ave
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