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Investment Highlights

  • Recently renovated throughout
  • Five-unit multifamily plus retail/office space
  • Private yard space for each unit

Executive Summary

Excellent owner-user or investment opportunity offered for sale or lease. The ±0.74-acre property includes three recently renovated buildings comprising five apartment units (three 2BD/1BA and two 2BD/2BA) plus a front retail/office suite of approximately 2,000 SF. Recent upgrades include new roofs, plumbing, flooring, paint, cabinets, countertops, and HVAC throughout. Each apartment enjoys private yard space, with additional yard area available for business use.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,656 SF
Building Class
C
Year Built/Renovated
1952/2025
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.74 AC
Zoning
MUD
Parking
20 Spaces (3.54 Spaces per 1,000 SF Leased)
Frontage
85’ on Prater Way

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 5,656 SF
  • Retail
  • Outparcel
  • Now

Three buildings recently renovated. Front building has appx 2,000 sf retail or office and a two bedroom apartment Second building has 2 2bedroom apartments Third building has 2 1bedroom apartments Lot is .74 acres so each apartment has a yard and there is yard space for the business.

Space Size Space Use Position Available
1st Floor 5,656 SF Retail Outparcel Now

1st Floor

Size
5,656 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 5,656 SF
Space Use Retail
Position Outparcel
Available Now

Three buildings recently renovated. Front building has appx 2,000 sf retail or office and a two bedroom apartment Second building has 2 2bedroom apartments Third building has 2 1bedroom apartments Lot is .74 acres so each apartment has a yard and there is yard space for the business.

Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Nearby Major Retailers

U.S. Bank
Bank of America
Starbucks
Dutch Bros
The Human Bean
United Rentals
Fat Tuesday
Johnny Rockets
Chickie's & Pete's

Property Taxes

Property Taxes

Parcel Number
031-330-05
Land Assessment
$164,486 CAD
Improvements Assessment
$80,315 CAD
Total Assessment
$244,801 CAD
  • Listing ID: 38410343

  • Date on Market: 2025-11-11

  • Last Updated:

  • Address: 1940 Prater Way, Sparks, NV 89431

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