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121 Vesta St
Reno, NV 89502
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Mid-Town Submarket

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
17,463 SF
Building Class
B
Year Built
1964
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.92 AC
Zoning
GC
Parking
94 Spaces (5.38 Spaces per 1,000 SF Leased)
Frontage
129’ on Vesta St

ABOUT 121 VESTA ST , RENO, NV 89502

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 014-232-02
  • 014-135-24
Land Assessment
$359,354
Improvements Assessment
$2,190,141
Total Assessment
$2,549,495
  • Listing ID: 19331907

  • Date on Market: 4/24/2020

  • Last Updated:

  • Address: 121 Vesta St, Reno, NV 89502

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