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Virginia Street Corridor 4 Properties in Reno, NV

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Executive Summary

This prime corner is a high-performance 2.34-acre assemblage in the heart of Downtown Reno, Nevada. Strategically positioned at the gateway between the Financial District and MidTown, this portfolio offers investors a rare combination of immediate, stabilized cash flow and exceptional long-term development upside. Diversi?ed & Stabilized Income: A fully stabilized, mixed-use asset generating a 2025 Net Operating Income (NOI) of $1,026,994.
• Strategic Five-Building Assemblage: Spanning 57,544 SF of built space, the site includes retail, office, multifamily, and specialty-use properties across four contiguous parcels
• Value-Add & Development Potential: Positioned for creative reimagining or high-density development in Reno’s most sought-after urban corridor totaling 2.34 acres.
• Unrivaled Connectivity: Nestled between Reno’s Financial District and the trendy MidTown area, with immediate access to courthouses, major entertainment venues, and the University of Nevada, Reno (UNR), serving over 20,000 students

Property Facts

Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 65,433 SF
Total Land Area 3.46 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
REDUCED!!! -DEVELOPMENT SITE WITH PLANS
0 California St, Reno, NV 89509
Land 1.12 AC - -
California Apartments
480 S Sierra St, Reno, NV 89501
Multifamily 18,224 SF 1940 -
449 S Virginia St, Reno, NV 89501 Office 29,373 SF 1973 -
445 S Virginia St, Reno, NV 89501 Office 17,836 SF 1942 -
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  • Listing ID: 39563197

  • Date on Market: 2/24/2026

  • Last Updated:

  • Address: Virginia Street Corridor, Reno, NV

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