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1496-1500 S Virginia St 1.24 Acres of Commercial Land Offered at $6,163,695 CAD in Reno, NV 89502
Executive Summary
Properties are located in the Opportunity Zone and the Reno Development District, adding value to this property.
Highest and best use would be a multi-level building with commercial fronting S. Virginia and Luxury Condos/Apartments on the upper levels.
Highest and best use would be a multi-level building with commercial fronting S. Virginia and Luxury Condos/Apartments on the upper levels.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $6,163,695 CAD | Lot Size | 1.24 AC |
| Price Per AC | $4,970,721.66 CAD |
| Price | $6,163,695 CAD |
| Price Per AC | $4,970,721.66 CAD |
| Lot Size | 1.24 AC |
Prime development property in the Midtown District. This property is zoned mixed use with unlimited potential. The sale consists of 3 parcels 012-234-20,21,22. Property addresses include 1496 and 1500 S. Virginia Street. Total lot size 1.24 acres.
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $107,551 CAD (2026) | |
| Land Assessment | $810,777 CAD (2026) | Total Assessment | $918,326 CAD (2026) |
Property Taxes
Parcel Numbers
Land Assessment
$810,777 CAD (2026)
Improvements Assessment
$107,551 CAD (2026)
Total Assessment
$918,326 CAD (2026)
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1496-1500 S Virginia St
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