295 Holcomb Ave
Reno, NV 89502
295 Holcomb Avenue · Office Property For Sale

Ideal opportunity for a value-add investor or a quasi-owner-user who wants to take ownership and have an income stream in place. Leases are all month-to-month with many long-term tenants. Currently 44% occupied with $39,228 rental income per year and current expenses at $22,780 per year and generating $16,448 of net income per year. Assuming the vacant units were leased (estimating $1.00-$1.15/sf/mo Full Service) the annual rental income increases to over $85,000 per year. Rent roll and expense break down available upon request. Building recently remodeled interior- common area upgrades as well as new carpet, door hardware and paint in the majority of the suites, new front door, landscaping updated to remove old trees and grass and added security cameras and alarm system on building and garage doors. Building offers covered parking garage with 14 spaces. In addition, there is ample street parking on Holcomb Avenue and Ryland Street. Building well located with walking distance to downtown Reno, Discovery Museum, InNEVation Center, and is near the Urbanito District on Mill Street which is undergoing gentrification with the rehab of a number of buildings as well as a new brewery. Building recently remodeled interior- common area upgrades as well as new carpet, door hardware and paint in the majority of the suites, new front door, landscaping updated to remove old trees and grass and added security cameras and alarm system on building and garage doors. Building offers covered parking garage with 14 spaces. In addition, there is ample street parking on Holcomb Avenue and Ryland Street. Building well located with walking distance to downtown Reno, Discovery Museum, InNEVation Center, and is near the Urbanito District on Mill Street which is undergoing gentrification with the rehab of a number of buildings as well as a new brewery.