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Sandy Ravens

Soli Ravens Team

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

$ 855,000

Est. payment -/mo

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Price Dropped by $44K

12 & 22 W Taylor ST Reno, NV 89509

1,812 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 1,812 sqft

Price per Sqft $471

Subdivision Martin`S Addition

MLS Listing ID 250058951

Year Built 1926

Annual Tax Amount $1,897

Lot Size 4,443 Sqft

Acres 0.1

Lot Dimensions 0.1

Property Sub-Type Office

Property Description

Excellent opportunity to acquire two income-producing commercial buildings on a single parcel in the center of Midtown Reno—one of the city's most desirable business districts with excellent walkability, visibility, and tenant demand. 12 W Taylor Street - A 988± SF office building currently leased to a long-term tenant through 2029 on a modified gross lease, with two additional options to extend. 22 W Taylor Street - A beautifully renovated 824± SF building (updated in 2017) leased through 2027 on a modified gross lease, also with two extension options. Both properties are well maintained, fully leased, and benefit from their prime Midtown location surrounded by restaurants, coffee shops, retail, and professional services. This walkable, vibrant neighborhood continues to attract strong tenant interest, making this an excellent long-term investment. Highlights: Two commercial buildings totaling 1,812± SF on one parcel Stable, long-term tenants at market rate with lease extensions in place Modified gross lease structures Excellent Midtown location with high walkability and visibility Recently renovated interiors (2017). Contact Listing Agent for a full Offering Memorandum.

Location

State NV

County Washoe

Community Martin`S Addition

Area Martin`S Addition

Zoning MUMC

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Flooring Wood

Fireplace No

Exterior

Parking Features Concrete, Off Street, On Street, Paved

Utilities Available Cable Connected, Electricity Connected, Internet Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected, Cellular Coverage

View Y/N No

Roof Type Composition,Pitched,Shingle

Garage No

Building

Lot Description Landscaped, Level

Story 1

Foundation Concrete Perimeter

Water Public

Structure Type Brick Veneer,Frame

Others

Tax ID 011-331-10

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Marmot Properties, LLC

Sandy Ravens

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

+1(775) 848-4618

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