235 Lake St 21,000 SF 97% Leased Retail Building Reno, NV 89501 $4,500,000 ($214.29/SF) 6.77% Cap Rate

Introducing the Santa Fe Building at 235 Lake Street — a landmark of historic character elevated by thoughtful, modern renovation, positioned at the center of Downtown Reno's most dynamic block.
The ground floor is anchored by Playfield Sports and Games, a high-energy arcade bar and entertainment venue that has become one of Downtown Reno's most talked-about destinations. Featuring classic and modern pinball machines, specialty cocktails, bar bites, live music on Saturdays, and the only 40-foot pinball bartop in the country, Playfield draws consistent foot traffic and a loyal, growing customer base — a tenant that activates the building and the block. Sharing the ground floor is Rockwood Construction, a well-established local firm known for high-profile projects including the Ballpark Apartments directly across the street.
Upstairs, the Santa Fe Building offers exceptional versatility through 20 second-floor suites, each equipped with a sink, hosting an eclectic mix of businesses ranging from hairstyling and massage therapy to tattoo artistry and professional office use. Tenants benefit from a communal kitchen, shower, laundry facilities, ultra-fast WiFi, and a comprehensive security system featuring 4K Ubiquiti cameras and coded door access throughout.
Strategically located steps from the Harrah's conversion project and within sight of 369 units of newly delivered apartments, the Santa Fe Building sits at the intersection of Reno's residential and entertainment growth corridors.
235 Lake Street is more than a building — it's a piece of the city's fabric, now energized by one of its most exciting new tenants. A rare opportunity to own a piece of Downtown Reno's future.