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Sandy Ravens

sandy.ravens@engelvoelkers.com +1(775) 848-4618

$ 1,900,000

Est. payment -/mo

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Active

1855 E Peckham Reno, NV 89502

0.73 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Rewana 2

MLS Listing ID 250005129

Year Built 2006

Annual Tax Amount $17,642

Lot Size 0.733 Acres

Acres 0.73

Lot Dimensions 0.73

Property Sub-Type Industrial

Property Description

Prime Commercial Flex Space – 5-Unit Investment Opportunity Located in the heart of Reno, this desirable 5-unit commercial flex property presents an exceptional investment or owner-user opportunity. Strategically positioned near Reno-Tahoe International Airport, with easy freeway access and close proximity to the Virginia Street corridor, this property offers excellent visibility and accessibility for tenants and businesses alike., Property Highlights: - Versatile Flex Units – Ideal for office, warehouse, light industrial, or showroom use - 14' Roll-Up Doors – Convenient access for logistics and operations - Dedicated Fenced Yards – Private outdoor storage or workspace for each unit - Prime Location – Minutes from major freeways, airport, and business hubs - High Demand Area – Perfect for small businesses, contractors, and logistics - Current Maintenance/Inspections - Well cared for and maintained Investor Advantage: - Value-Add Potential – Two tenants currently leasing below market rates, offering an opportunity to increase cash flow by an additional 60%-100% NOI within 2.5-4 years - Asking price $192.46/psf; Sales comps support $236.00/psf - Appreciation Potential – Rental rate adjustments and market growth enhance the long-term value of the property This is a rare opportunity to secure a highly sought-after flex property in Reno's booming commercial sector. Contact us today for financials, leasing details, and showings. ***Stated NOI in PRO-FORMA estimates based on current lease rent escalations/budget and projected renewal terms. ***Buyer to verify power, description pulled from prior sources but not confirmed

Location

State NV

County Washoe

Community Rewana 2

Area Rewana 2

Zoning ME

Direction Airway

Interior

Heating Electric, Forced Air, Natural Gas

Cooling Electric

Flooring Vinyl

Exterior

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

Roof Type Metal,Pitched

Building

Lot Description Landscaped

Story 1

Foundation Slab

Water Public

Structure Type Fiber Cement,Metal Siding,Steel Frame

Others

Tax ID 02526621

Acceptable Financing Conventional, Owner May Carry

Listing Terms Conventional, Owner May Carry

Listed by Hilderbrand Property Management

Sandy Ravens

Private Office Advisor / License Partner / Broker | License ID: CA 02120074 | NV BS.145530

+1(775) 848-4618

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