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701 E 2nd St 2,532 SF 100% Leased Retail Building Reno, NV 89502 $1,447,425 CAD ($571.65 CAD/SF) 6.02% Cap Rate
EXECUTIVE SUMMARY
Newly renovated building on high traffic corner of S Wells and E 2nd St. Easy building to manage and own for the long term. North building is occupied by World of Smoke, a high cashflowing retail business with multiple locations in Reno. South building is occupied by Urban Barber Union, a locally owned barbershop that's recently renovated. Contact seller for walkthrough, please do not disturb the tenants.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,532 SF
Building Class
C
Year Built
1950
Price
$1,447,425 CAD
Price Per SF
$571.65 CAD
Cap Rate
6.02%
NOI
$87,207 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.20 AC
Zoning
MU - MIXED-USE URBAN
Parking
5 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 012-072-24 | Total Assessment | $150,682 CAD (2026) |
| Land Assessment | $106,186 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $44,496 CAD (2026) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
012-072-24
Land Assessment
$106,186 CAD (2026)
Improvements Assessment
$44,496 CAD (2026)
Total Assessment
$150,682 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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701 E 2nd St
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