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1940 Prater Way 5,656 SF Vacant Retail Building Sparks, NV 89431 $1,900,000 ($335.93/SF)

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EXECUTIVE SUMMARY

FOR LEASE OR SALE Excellent owner occupier or investment opportunity. 5 apartment units with a front retail / office building. 3 - 2bd 1 bath apartments & 2 - 2bd 2 bath apartments.
• New Roofs on all buildings
• Updated plumbing
• New Flooring
• New Paint
• New Cabinets and Countertops
• New HVAC

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,656 SF
Building Class
C
Year Built/Renovated
1952/2025
Price
$1,900,000
Price Per SF
$335.93
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.74 AC
Zoning
C2
Parking
2 Spaces (0.35 Spaces per 1,000 SF Leased)
Frontage
85’ on Prater Way

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 5,656 SF
  • Retail
  • Outparcel
  • Now

Three buildings currently being renovated. Front building has appx 2,000 sf retail or office and a two br apartment Second building has 2 2br apartments Third building has 2 1br apartments Lot is .74 acres so each apartment has a yard and there is yard space for the business. $8900/ mo for all of it.

Space Size Space Use Position Available
1st Floor 5,656 SF Retail Outparcel Now

1st Floor

Size
5,656 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 5,656 SF
Space Use Retail
Position Outparcel
Available Now

Three buildings currently being renovated. Front building has appx 2,000 sf retail or office and a two br apartment Second building has 2 2br apartments Third building has 2 1br apartments Lot is .74 acres so each apartment has a yard and there is yard space for the business. $8900/ mo for all of it.

Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Grocery Outlet
U.S. Bank
Bank of America
Starbucks
Dutch Bros
The Human Bean
Wells Fargo Home Mortgage
United Rentals
Fat Tuesday
Johnny Rockets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031-330-05
Land Assessment
$117,402
Improvements Assessment
$57,325
Total Assessment
$174,727
  • Listing ID: 38410343

  • Date on Market: 11/11/2025

  • Last Updated:

  • Address: 1940 Prater Way, Sparks, NV 89431

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