1401 S. Virginia St.

1401 S. Virginia St., Reno, NV 89502

— For Sale —

List Price$9.47MM

Size +/- 21,198 SF

NOI $521,042

Property Information

Property Overview

1401 S. Virginia St. is a +/- 21,198 SF multi-tenant 1950’s Brick Bank building located in the heart of the MidTown district. The original building was +/-9,000 SF with an additional +/-12,000 SF of new construction added. The original structure has 28’ of clear height and built of 100% brick. This historic Reno property was fully redeveloped in 2016 with improvements including a new elevator, new façade, 2nd story deck, new roof, new electrical, increased building security, and new HVAC. The property’s location and prominence within Reno’s burgeoning MidTown district represents some of the most highly sought-after retail and office locations in the city. Current retail trends in the market point to increased activity, new businesses, and continued rent growth in MidTown.

The property includes 30 on-site parking spaces, a rare commodity for MidTown. The MidTown district sees heavy foot traffic and benefits from the recently completed S. Virginia St. Improvement Project which includes larger sidewalks, tree-lined walkways, increased safety for pedestrians, and additional street parking.

Contact

Shareholder

Ian Cochran, CCIM

Partner
Reno
License B.145434.LLC
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O 775.433.1102
C 775.225.0826
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Shareholder

Greg Ruzzine, CCIM

Partner
Reno
License BS.145435
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O 775.433.1103
C 775.450.5779
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Brokerage

Mike Keating

Vice President
Reno
License S.174942
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O 775.433.1104
C 775.386.9727
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