924 S Virginia St
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924 S Virginia St
5,864 SF Vacant Office Building Reno, NV 89502 £1,351,996 (£231/SF)
INVESTMENT HIGHLIGHTS
- Great owner-user or redevelopment opportunity
- Close proximity to more than 250 businesses in Midtown, including 20+ bars and restaurants and 40+ stores and shops
- Skylights throughout providing ample natural light
- Prime location with S Virginia Street Frontage
- Supplemental income from parking lot (currently $1,000/month)
- Approximate roof overlay installation date of 2020
EXECUTIVE SUMMARY
Price Reduced and Ready to Sell at $1,700,000!
Colliers is pleased to present 924 South Virginia Street for sale. The 5,864 square-foot single-story building is centrally located in MidTown, Reno, and was built in 1960, according to the Washoe County Assessor, and to the best of the owner’s knowledge it was remodeled in the mid-1980’s. The building is well located just south of South Center Street on South Virginia Street. The offering includes an adjacent parking lot totaling 0.414 acres. The property is located in a Qualified Opportunity Zone.
Great owner-user or redevelopment opportunity at a prime location with S Virginia Street Frontage. Proximity to over 250 businesses in Midtown, including 20+ bars and restaurants and 40+ stores and shops. Supplemental income from parking lots (currently $1,000/month). Approximate roof overlay installation date of 2020.
Colliers is pleased to present 924 South Virginia Street for sale. The 5,864 square-foot single-story building is centrally located in MidTown, Reno, and was built in 1960, according to the Washoe County Assessor, and to the best of the owner’s knowledge it was remodeled in the mid-1980’s. The building is well located just south of South Center Street on South Virginia Street. The offering includes an adjacent parking lot totaling 0.414 acres. The property is located in a Qualified Opportunity Zone.
Great owner-user or redevelopment opportunity at a prime location with S Virginia Street Frontage. Proximity to over 250 businesses in Midtown, including 20+ bars and restaurants and 40+ stores and shops. Supplemental income from parking lots (currently $1,000/month). Approximate roof overlay installation date of 2020.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
5,864 SF
Building Class
C
Year Built/Renovated
1960/1980
Price
£1,351,996
Price Per SF
£231
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
5,864 SF
Building FAR
0.60
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
MU-MC - MU-MC
Parking
6 Spaces (1.02 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Conferencing Facility
- Signage
- Skylights
- Storage Space
- Monument Signage
- Smoke Detector
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Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £67,593 | |
| Land Assessment | £123,759 | Total Assessment | £191,352 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£123,759
Improvements Assessment
£67,593
Total Assessment
£191,352
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924 S Virginia St
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