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- LoopNet Team
701 S Virginia St
Reno, NV 89501
Saint Lawrence Commons · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 701 S VIRGINIA ST , RENO, NV 89501
Saint Lawrence Commons is a +/- 7,860 SF neighborhood retail center built in 1918. Located in the heart of MidTown, this fully occupied center has frontage along S. Virginia St. at the Saint Lawrence Ave. intersection. S. Virginia St. is a major thoroughfare running through Reno while Saint Lawrence Ave. connects the center to the surrounding residential developments with over 11,400 households within a 1-mile radius. At this intersection, S. Virginia St. has an average daily traffic count of 18,110 CPD. The asset is currently 100% occupied with an average rental rate of $1.49 PSF and current NOI of $140,580. The next expiring leases will be in 2020 with some existing tenants occupying the building since 2012. Tenants include JoStella Coffee, Dressed Like That, Basic & Gold, BrauHaus 701, Crème Café, and Butter & Salt.
PROPERTY TAXES
| Parcel Number | 011-272-13 | Improvements Assessment | $124,947 |
| Land Assessment | $89,828 | Total Assessment | $214,775 |
PROPERTY TAXES
