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277 Vassar St 760 SF Retail Building Reno, NV 89502 $817,758 CAD ($1,076.00 CAD/SF) 5.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Fenced Yard
- City of Reno Opportunity Zone
- 760 Sq Ft unfinished Basement
EXECUTIVE SUMMARY
VACANT BUILDING....READY FOR BUILDING YOUR DREAM - Multi-Use Commercial Building in the Heart of Reno Charming and versatile, this 760 sq ft commercial space with an additional 760 sq ft unfinished basement offers endless opportunities for office, retail, salon, or studio use. Located just blocks from Midtown, this property benefits from high visibility and an unbeatable central Reno location. Features include: Flexible floor plan with open space, partial kitchen/breakroom, 1 bathroom, and cozy fireplace Additional storage or workshop space in the full basement Ample parking with a detached garage, additional rear parking, and fully fenced lot General Commercial zoning, allowing for a variety of business uses Situated within the City of Reno Opportunity Zone, offering potential tax advantages for investors Surrounded by revitalization and growth—including neighboring developments of new four-plexes—this property presents an excellent chance to establish or expand your business while investing in Reno's thriving core. - Enjoy NO Corporate Income Tax, NO Inventory Tax, NO Franchise Tax, NO Personal Income Tax, NO Inheritance Tax, NO Estate Tax, NO Unitary Tax, and NO Intangibles Tax.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
760 SF
Building Class
C
Year Built
1940
Price
$817,758 CAD
Price Per SF
$1,076.00 CAD
Cap Rate
5.30%
NOI
$43,341 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial - City of Reno Opportunity Zone
Parking
2 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
34’ on Vassar St
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 014-072-10 | Improvements Assessment | $22,217 CAD |
| Land Assessment | $69,645 CAD | Total Assessment | $91,862 CAD |
PROPERTY TAXES
Parcel Number
014-072-10
Land Assessment
$69,645 CAD
Improvements Assessment
$22,217 CAD
Total Assessment
$91,862 CAD
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277 Vassar St
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