255 N Sierra St
Reno, NV 89501
Ground Floor Commercial - Three Units · Office Property For Sale

Colliers International is pleased to present a purchase opportunity ground floor commercial space at The Montage at 255 N Sierra Street consisting of 14,884SF plus the lot to the west that may accommodate 18 parking space. The purchase price is $799,000 which is $53.68PSF. The property includes 3 contiguous condo units (APN’s: 011-544-12, 23, 24) and the 12,500SF lot to the west which may be able to include 18 parking spaces (TBV) is APN 011-032-32. The space is still in shell condition with a power panel and ready for custom improvements. The current HOA dues are $0.62/sf/mo and those include water, sewer, garbage, trash and gas. Electrical for the units is billed directly to the suite. A full breakdown of the dues can be provided upon request. Property Highlights: - First floor commercial condo located at The Montage which is the premier downtown Reno high rise comprised of 22 stories and 350 residential units - Located in a Qualified Opportunity Zone - Zoned Mixed Use Downtown Regional (MUDR) - Walkable property - Condo units can be demised easily as they are 3 separate APN’s (no demising wall currently) in to 4,246SF, 5,545SF and 5,093SF. Note, all the parcels must be sold together - The three APN’s must be purchased together and include: C120 4,246 square foot parcel with roll up door and entrance off West Commercial Row, C110A 5,545 square foot parcel with visibility along West Commercial Row. This parcel could potentially have two floors and C110B 5,093 square foot parcel with ample window line at the NE corner of North Sierra Street and West Commercial Row for a grand total of 14,884SF - All units offer ±18' clear height - Entire property pricing includes parking lot to the west. Parking Lot is APN 011-032-32 consisting of 12,501 SF68