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701 E 2nd St 2,532 SF 100% Leased Retail Building Reno, NV 89502 $1,050,000 ($414.69/SF) 6.02% Cap Rate
Executive Summary
Newly renovated building on high traffic corner of S Wells and E 2nd St. Easy building to manage and own for the long term. North building is occupied by World of Smoke, a high cashflowing retail business with multiple locations in Reno. South building is occupied by Urban Barber Union, a locally owned barbershop that's recently renovated. Contact seller for walkthrough, please do not disturb the tenants.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,532 SF
Building Class
C
Year Built
1950
Price
$1,050,000
Price Per SF
$414.69
Cap Rate
6.02%
NOI
$63,262
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.20 AC
Zoning
MU - MIXED-USE URBAN
Parking
5 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Number | 012-072-24 | Total Assessment | $110,238 (2026) |
| Land Assessment | $77,685 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $32,553 (2026) | Tax Year | 2023 |
Property Taxes
Parcel Number
012-072-24
Land Assessment
$77,685 (2026)
Improvements Assessment
$32,553 (2026)
Total Assessment
$110,238 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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701 E 2nd St
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