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231 & 233 N Virginia St. - The Nugget

8,390 SF Sports & Entertainment Building Offered For Sale in Reno, NV 89501

Investment Highlights

  • Rare Grandfathered Non-Restricted Gaming License
  • Downtown Reno Location
  • Historical Property
  • Redevelopment Area in Qualified Opportunity Zone

Executive Summary

The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the exclusive opportunity to acquire The Nugget, a former casino property in the heart of Downtown Reno with a rare grandfathered non- restricted Nevada gaming license that has been preserved. Strategically positioned on N. Virginia St., just steps away from the famous Reno Arch, this historic Property benefits from a prime location amidst popular gaming, entertainment, and hospitality offerings. Additionally, being located within the designated City of Reno Redevelopment Project Area (“RDA 1”), presents the possibility of relocating the grandfathered gaming license to a new location within the RDA 1*, offering a new owner a multitude of value-add opportunities.
The Property has been a staple in Downtown Reno since 1935, operating for many of those years under The Nugget name and brand. The ± 8,390 SF building features a main floor that formerly housed the casino and diner, a basement with storage and prep areas, and a mezzanine floor with offices and restrooms. The Nugget offers a true value-add casino opportunity for a new owner to utilize the gaming license onsite or at another location within the area*. We invite you to learn more about this exciting casino opportunity!
*License relocation subject to Buyer’s due diligence & verification
For more information and to sign the Confidentiality Agreement, please visit https://logiccre.com/the-nugget-reno/

Attachments

The Nugget-Teaser (1)

Property Facts

Sale Type Investment Building Size 8,390 SF
Property Type Sports & Entertainment Number of Floors 2
Property Subtype Casino Year Built 1935
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.03 AC
Sale Type Investment
Property Type Sports & Entertainment
Property Subtype Casino
Building Class B
Lot Size 0.03 AC
Building Size 8,390 SF
Number of Floors 2
Year Built 1935
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 011-051-14
  • 011-051-13
 Improvements Assessment £93,073
Land Assessment £40,358 Total Assessment £133,431

PROPERTY TAXES

Parcel Numbers
Multiple
  • 011-051-14
  • 011-051-13
Land Assessment
£40,358
Improvements Assessment
£93,073
Total Assessment
£133,431

zoning

Zoning Code MD-ED
MD-ED
(702) 340-9490

  • Listing ID: 32286502

  • Date on Market: 28/06/2024

  • Last Updated:

  • Address: 231 & 233 N Virginia St., Reno, NV 89501

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© 2024 CoStar Group

231 & 233 N Virginia St. - The Nugget
(702) 340-9490 x

231 & 233 N Virginia St. - The Nugget

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Gino Vincent

(702) 340-9490

(702) 340-9490

Michael Sclafani

(702) 954-4172

(702) 954-4172

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