450 & 480 E. Second St.

450-480 E. Second Street Reno, NV 89502

— For Sale —

Offering Price $900,000

Apartment Units, +/- 1,518 SF 2

Convenience Store, +/- 1,150 SF 1

Total Acres +/- 0.172 AC

Property Information

Investment opportunity for redevelopment or rent growth of existing structures in an area seeing significant growth from new infill development and gentrification.  This two-apartment unit and one convenience store property allows an owner to add value to each asset through renovation and increasing rents. The mixed-use zoning also allows for some very interesting possibilities. This can be combined for a portfolio purchase with 512 E. Second St., a neighboring 23‑unit complex with the same ownership.

Located a short distance to Greater Nevada Field, Truckee River, downtown Reno, Neon Line Districts, and Renown Medical Center. Across the street is the current Reno Police Department headquarters but that building will soon be replaced by the new headquarters for the Reno Fire Department. Downtown Reno is undergoing many new revitalization projects over the past 10 years, the renovation of the Harrah’s casino is now home to the Reno City Center and Courtyard.

Contact

Brokerage

Mike Keating, SIOR

Partner
Reno
License S.174942
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O 775.433.1104
C 775.386.9727
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Brokerage

Chase Houston, SIOR

Senior Vice President
Reno
License S.174274
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O 775.433.1124
C 775.848.6007
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Michael Dorn Logic Commercial Real Estate
Brokerage

Michael Dorn

Senior Associate
Reno
License S.189635
O 775.433.1109
C 775.453.4436
More Info