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Turnkey Office Near Interstate 1975 Selmi Dr 12,826 SF Vacant Office Building Online Auction Sale Reno, NV 89512
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Clearacre Landing offers buyers a turnkey, two-story office property ideal for investors and owner/users seeking space.
- Convenience is key at this location with Starbucks, Burger King, Office Depot, The Home Depot, WinCo Foods, Planet Fitness, and others nearby.
- Situated just north of Downtown Reno and directly off Route 395, this well-located property caters to tenants and commuters.
- Area demographics bode well for investors with a population on the rise and a workforce of 214,697 employees within 10 miles.
EXECUTIVE SUMMARY
Clearacre Landing at 1975 Selmi Drive is a distinctive 13,200 square-foot two-story standalone office building ideally positioned in an unbeatable location in Reno, Nevada. Centrally located in a mountainous and well-known suburban business submarket at Highway 395 and North McCarren, the property provides speedy access to retail services, shops, and eateries within a five to 10-minute walk or drive.
Built in 2004 and situated on 1 acre, Clearacre Landing is currently occupied by the owner and will be delivered vacant. The 6,564-square-foot lower level can be utilized for many future purposes. On the second level, the 6,262-square-foot space includes a conference area, break room, bathroom, and a separate furnished office suite containing five office spaces, a waiting area, and 10 other private offices. The secured property benefits from controlled access and an on-site property manager. Clearacre Landing displays a welcoming exterior boasting state-of-the-art landscaping and a waterfall.
1975 Selmi Drive has excellent exposure with a monument sign visible off Clear Acre Lane and Highway 395. Offering tremendous access to major freeways such as Nevada 433 (N McCarran Boulevard), US 395 (Martin Luther King Jr Highway), Interstate 80 (Dwight D. Eisenhower Highway), and Interstate 580. The Reno-Tahoe International Airport is a 10-minute drive from the property for business travelers. There are two bus stops located within a one-minute walk of the property for auto-free tenants. Tenants will be able to take a short three-minute walk from the property to access local restaurants at the University Village East Shopping Center that include Chicago Pizza with a twist, Port of Subs, Burger King, and Alberto's. Proximity to higher education institutions, such as the University of Nevada and Truckee Meadows Community College, is within a five-minute drive.
Cleareacre Landing is an ideal investment for an owner/user or investor to own a well-maintained building in an established area and a strategic location off the freeway.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Built in 2004 and situated on 1 acre, Clearacre Landing is currently occupied by the owner and will be delivered vacant. The 6,564-square-foot lower level can be utilized for many future purposes. On the second level, the 6,262-square-foot space includes a conference area, break room, bathroom, and a separate furnished office suite containing five office spaces, a waiting area, and 10 other private offices. The secured property benefits from controlled access and an on-site property manager. Clearacre Landing displays a welcoming exterior boasting state-of-the-art landscaping and a waterfall.
1975 Selmi Drive has excellent exposure with a monument sign visible off Clear Acre Lane and Highway 395. Offering tremendous access to major freeways such as Nevada 433 (N McCarran Boulevard), US 395 (Martin Luther King Jr Highway), Interstate 80 (Dwight D. Eisenhower Highway), and Interstate 580. The Reno-Tahoe International Airport is a 10-minute drive from the property for business travelers. There are two bus stops located within a one-minute walk of the property for auto-free tenants. Tenants will be able to take a short three-minute walk from the property to access local restaurants at the University Village East Shopping Center that include Chicago Pizza with a twist, Port of Subs, Burger King, and Alberto's. Proximity to higher education institutions, such as the University of Nevada and Truckee Meadows Community College, is within a five-minute drive.
Cleareacre Landing is an ideal investment for an owner/user or investor to own a well-maintained building in an established area and a strategic location off the freeway.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOURS
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
12,826 SF
Building Class
B
Year Built
2004
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,413 SF
Slab To Slab
12’
Building FAR
0.29
Lot Size
1.00 AC
Parcel Number
004-072-29
Zoning
GC - (GC) General Commercial
Parking
53 Spaces (4.13 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Controlled Access
- Convenience Store
- Food Court
- Property Manager on Site
- Security System
- Signage
- Accent Lighting
- Basement
- Central Heating
- Fully Carpeted
- Partitioned Offices
- Reception
- Recessed Lighting
- Drop Ceiling
- Hardwood Floors
- Monument Signage
- Air Conditioning
- Balcony
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DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
18,766
110,469
249,243
2020 Population
17,478
110,031
245,959
2029 Population
19,962
116,158
262,537
2024-2029 Projected Population Growth
6.4%
5.2%
5.3%
Daytime Employees
2,751
75,153
147,335
Total Businesses
304
7,177
14,474
Average Household Income
$62,656
$67,841
$77,847
Median Household Income
$49,099
$50,561
$60,249
Total Consumer Spending
$187.3M
$1.2B
$2.9B
Median Age
31.6
34.6
36.6
2024 Households
7,340
43,303
99,742
Percent College Degree or Above
12%
11%
14%
Average Home Value
$352,224
$356,099
$435,031
$ values in USD
SALE ADVISOR
SALE ADVISOR
Aiman Noursoultanova, Senior Vice President
Aiman Noursoultanova, CCIM, Senior Vice President of the Reno Investment Properties Group, brings over 25 years of expertise in commercial real estate to her role, where she is a trusted advisor to owners and investors throughout Northern Nevada. With a remarkable track record, Aiman has successfully closed transactions exceeding $2.5 billion, encompassing a wide range of property types, including apartment communities, office complexes, industrial parks, and retail centers.
Renowned for her deep understanding of capital markets and financial underwriting, Aiman excels in strategic negotiation and complex transaction management. Her clients rely on her comprehensive market insights and keen analytical skills, positioning her as an invaluable resource for navigating the intricacies of commercial investment. Aiman's impressive record includes the sales of the region's largest student housing property and the market's largest office building. She also played a key role in negotiating the sale of the former Reno Gazette Journal headquarters—now the Reno Public Safety Center—as well as the land for the Park Lane Mall, which has been redeveloped into the vibrant Reno Experience District.
Aiman is not only dedicated to her clients but also to her profession. She is a founding board member and former president of CREW of Northern Nevada and has actively contributed to the CCIM of Northern Nevada as a past board member and president. Aiman is also passionate about sharing her knowledge, having presented at numerous local events and conducted guest lectures at the University of Nevada, Reno.
Her unwavering commitment to excellence and her clients’ success make Aiman a distinguished figure in the commercial real estate landscape of Northern Nevada.
Renowned for her deep understanding of capital markets and financial underwriting, Aiman excels in strategic negotiation and complex transaction management. Her clients rely on her comprehensive market insights and keen analytical skills, positioning her as an invaluable resource for navigating the intricacies of commercial investment. Aiman's impressive record includes the sales of the region's largest student housing property and the market's largest office building. She also played a key role in negotiating the sale of the former Reno Gazette Journal headquarters—now the Reno Public Safety Center—as well as the land for the Park Lane Mall, which has been redeveloped into the vibrant Reno Experience District.
Aiman is not only dedicated to her clients but also to her profession. She is a founding board member and former president of CREW of Northern Nevada and has actively contributed to the CCIM of Northern Nevada as a past board member and president. Aiman is also passionate about sharing her knowledge, having presented at numerous local events and conducted guest lectures at the University of Nevada, Reno.
Her unwavering commitment to excellence and her clients’ success make Aiman a distinguished figure in the commercial real estate landscape of Northern Nevada.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Commercial Arlene Richardson RE Brkr B.1001874.LLC
1 of 26
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Turnkey Office Near Interstate | 1975 Selmi Dr
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