1715 Wells AveReno, NV 89502

For Sale
$1,200,000

3,740 SF, 3-Tenant Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 3,740-square-foot retail building presents a compelling investment opportunity in Reno's thriving Midtown neighborhood. Located at 1715 S Wells Ave, this single-story, 1955-built property boasts three fully leased units, anchored by established tenants: Filthy McNasty's, Magpie Coffee Roasters, and Radical Cat. The property benefits from a prime location near the intersection of Wells Avenue and South Virginia Street, enjoying high visibility and significant foot traffic. Its proximity to the Reno Public Market further enhances its appeal. The building sits on a 014-233-08 APN parcel and is zoned GC. With market rents ranging from $2.00 to $2.50 per square foot (NNN), this asset offers stable income generation in a rapidly growing area. The property's eclectic, walkable neighborhood attracts both residents and visitors, ensuring consistent demand. This is an ideal investment for those seeking a strong return in a vibrant, up-and-coming Reno location. The asking price is $1,200,000.

Highlights

  • $1,200,000 asking price for a 3,740 square foot retail storefront.
  • Located in Midtown Reno, NV at 1715 S Wells Ave, a vibrant and walkable neighborhood.
  • Fully leased to three established tenants: Filthy McNasty's, Magpie Coffee Roasters, and Radical Cat.
  • Prime location near the intersection of Wells Ave and South Virginia St, offering high visibility and foot traffic.
  • Market rents range from $2.00 to $2.50 per square foot, NNN.

Property Details for 1715 Wells Ave

Property type
Other retail properties, Individual retail properties
Square Feet
3,740 SF
Year Built
1955
Buildings
1
Stories
1
Units
3

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.508322755446
Longitude
-119.80316930872
1715 Wells Ave, Reno, Nevada

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1715 Wells Ave
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