275 E Fourth St, Reno, NV 89501

275 E Fourth St Reno, NV 89501

275 E Fourth St, Reno, NV, 89501
275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501 275 E Fourth St, Reno, NV, 89501
FOR SALE
Property Type:
Free Standing Building
Amount:
$2,600,000
Last Verified:
Jul 08, 2021


Description

Location! Location! Ground Zero for all Reno special events. Income producing investment property including ½ city block on 4th Street with designated parking and alley access. Property includes 14,000 usable space currently leased to Davidson’s Distillery with gaming and liquor license, Shoeman’s Custom Cycle retail storefront and shop, upstairs offices include a hair salon and fully leased office space. Owner currently occupies all spaces - property will be vacant after completed sale. Dedicated parking lot with 13 spaces on separate APN. Located in 4th Street redevelopment area and Brewery District. A great opportunity corridor in the early stages of development. New infrastructure, Street Lights, and underground utilities. 2 blocks from Aces ballpark, 3 blocks from Downtown Reno and across from the Reno Bus Station. 5 blocks from UNR and Wells Avenue. 1 block from events Center and Bowling Stadium. Investment or Re-development Opportunity.
Downtown Reno – Innovation District and E 4th Street Transit Corridor Overview. Over the last two decades, the Reno/Sparks region has experienced double digit growth. In response, the City of Reno adopted its new Master Plan, Reimagine Reno in December 2017. Reimagine Reno provides a comprehensive road map for the future which includes a revitalized downtown and transit corridors that focus on High Density/High Intensity uses.

Location! Location! Ground Zero for all Reno special events. Income producing investment property including ½ city block on 4th Street with designated parking and alley access. Property includes 14,000 usable space currently leased to Davidson’s Distillery with gaming and liquor license, Shoeman’s Custom Cycle retail storefront and shop, upstairs offices include a hair salon and fully leased office space. Owner currently occupies all spaces - property will be vacant after completed sale. Dedicated parking lot with 13 spaces on separate APN. Located in 4th Street redevelopment area and Brewery District. A great opportunity corridor in the early stages of development. New infrastructure, Street Lights, and underground utilities. 2 blocks from Aces ballpark, 3 blocks from Downtown Reno and across from the Reno Bus Station. 5 blocks from UNR and Wells Avenue. 1 block from events Center and Bowling Stadium. Investment or Re-development Opportunity.
Downtown Reno – Innovation District and E 4th Street Transit Corridor Overview. Over the last two decades, the Reno/Sparks region has experienced double digit growth. In response, the City of Reno adopted its new Master Plan, Reimagine Reno in December 2017. Reimagine Reno provides a comprehensive road map for the future which includes a revitalized downtown and transit corridors that focus on High Density/High Intensity uses.


Year Built: 1940
Building Size: 13212sq ft
Lot Size: 0.21 acres

Map of 275 E Fourth St, Reno, NV, 89501

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.