Antique Mall 1251 S Virginia St 17,600 SF Retail Building Reno, NV 89502 $6,074,904 CAD ($345.17 CAD/SF)

This is the corner. 1251 S. Virginia sits on the busiest hard corner in Midtown Reno, the densest, most-walked, and fastest-growing retail district in Northern Nevada. 28,400 vehicles per day, a Walk Score of 91, and 0.9 miles to downtown. Midtown retail occupancy is 96.4% and asking rents are up 11.8% year-over-year. Every new ground-up build on the corridor has been pre-committed before TCO. There is no remaining dirt between Liberty and Plumb.
1251 is one of the last 17,600 SF concrete-and-masonry shells of meaningful scale left on the corridor. A fully-parked 0.85 acre hard corner with 240' of frontage on S. Virginia, 155' on E. Arroyo, 47 on-site parking stalls, and two curb-cuts. Delivered vacant at close of escrow. A clean canvas.
This building is asking for an owner-operator with conviction. The footprint a private school, a fitness club, a place of worship, a medical or dental practice, an F&B operator, or a six-bay retail collective simply cannot find anywhere else in Midtown. The kind of building that becomes a staple of the corridor and defines the next decade of what this district looks like.
Zoned MU-MC, the most permissive commercial zone in the City of Reno. Every concept above is permitted by right. No use variance, no special-use permit, no conditional-use hearing. 5-story, 65 foot vertical entitlement at 3.0 FAR preserves a long-dated redevelopment option for the patient owner.
Offered at $4,400,000, or $250 per building SF and $119 per land SF. A structural discount to recent Midtown freestanding trades and roughly $80/SF below ground-up replacement cost on the shell alone. Marmot's GC division has prepared an indicative vanilla-shell build-out budget available in the offering memorandum, giving an owner-occupier real cost certainty before letter of intent.
Bring the vision. The entitlement, the location, and the basis are already in place.