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1496-1500 S Virginia St 1.24 Acres of Commercial Land Offered at $4,500,000 in Reno, NV 89502
Executive Summary
Properties are located in the Opportunity Zone and the Reno Development District, adding value to this property.
Highest and best use would be a multi-level building with commercial fronting S. Virginia and Luxury Condos/Apartments on the upper levels.
Seller will consider Commercial, residential or Multifamily as partial trade.
Highest and best use would be a multi-level building with commercial fronting S. Virginia and Luxury Condos/Apartments on the upper levels.
Seller will consider Commercial, residential or Multifamily as partial trade.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 1.24 AC |
| Price Per AC | $3,629,032.26 |
| Price | $4,500,000 |
| Price Per AC | $3,629,032.26 |
| Lot Size | 1.24 AC |
Prime development property in the Midtown District. This property is zoned mixed use with unlimited potential. The sale consists of 3 parcels 012-234-20,21,22. Property addresses include 1496 and 1500 S. Virginia Street. Total lot size 1.24 acres.
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $77,706 (2026) | |
| Land Assessment | $585,792 (2026) | Total Assessment | $663,497 (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$585,792 (2026)
Improvements Assessment
$77,706 (2026)
Total Assessment
$663,497 (2026)
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1496-1500 S Virginia St
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