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22 W Taylor St
Reno, NV 89509
12 & 22 W Taylor Mixed Use · Retail Property For Sale
Investment Highlights
- Popular MidTown Submarket
- Modern, Remodeled Units
- Mixed Use-Office, Retail and Multifamily
Executive Summary
The asset consists of two converted SFR to office buildings. The site at 12 W Taylor is approximately 988 sq ft with a 988 sq ft basement, built in 1926 with recent improvements. The site at 22 W Taylor is approximately 824 sq ft with a 494 basement, built in 1926 with recent improvements. Both properties feature hardwood floors, original brick detailing, new kitchen cabinets, tile back splash, modern tiled showers, and fresh paint. Both buildings are currently fully leased to office tenants under Modified Gross leases. 12 W Taylor's lease expires on April 30, 2027, and 22 W Taylor's lease expires on February 28, 2029. Importantly, the 22 W Taylor lease does not include a renewal option. This provides an opportunity for a future owner to occupy one or both buildings upon lease expiration. The project is zoned MU-MC (Mixed Use MidTown Commercial). The zoning does allow for multifamily development. Attached vacant lot at 30 W. Taylor is also for sale, the lot is .081 acres and zoned mixed use.
Property Facts
Sale Type
Investment
Property Type
Building Size
988 SF
Building Class
B
Year Built/Renovated
1926/2017
Price
$749,000
Price Per SF
$758.10
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.10 AC
Zoning
MUMC
Amenities
- Wheelchair Accessible
- Storage Space
1 of 32
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