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- LoopNet Team
121 Vesta St
Reno, NV 89502
Property For Lease
HIGHLIGHTS
- Exciting redevelopment opportunity in the heart of the Mid-Town submarket.
PROPERTY FACTS
| Property Type | Retail | Year Built | 1964 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 5.38/1,000 SF |
| Gross Leasable Area | 17,463 SF | Construction Status | Demolished |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 17,463 SF |
| Year Built | 1964 |
| Parking Ratio | 5.38/1,000 SF |
| Construction Status | Demolished |
ABOUT THE PROPERTY
Exciting redevelopment opportunity in the heart of the Mid-Town submarket. Built in 1964, the two story building was originally constructed as a Volkswagen dealership with structural upgrades sufficient to accommodate new vehicle parking on the roof with freight elevator access. The building was then redeveloped into mixed-use office, restaurant & retail with contemporary upgrades including open steel stair cases and multiple balconies providing a truly unique look and feel for the market. This was all done prior to Mid-Town becoming the hotspot in the region for the live-work-play lifestyle, which has mostly taken place in the last 10 years. Currently, significant construction is taking place throughout the midtown region, which will accelerate demand for all real estate categories in this area. The Nevada Department of Transportation is nearing completion of The Virginia Street Project, an $87 million dollar street improvement project that will support economic development, enhance safety, and improve livability throughout this Mid-Town district. On the south end of Mid-Town, within 0.3 miles of 121 Vesta, is the Park Lane & Reno Public Market developments, which are major mixed use developments currently under construction that will redefine the area to provide a broad appeal to Reno/Sparks residents and visitors.
