12 W Taylor St, Reno, NV 89509

The asset consists of two converted SFR to office buildings. The site at 12 W Taylor is approximately 988 sq ft with a 988 sq ft basement, built in 1926 with recent improvements. The site at 22 W Taylor is approximately 824 sq ft with a 494 basement, built in 1926 with recent improvements. Both properties feature hardwood floors, original brick detailing, new kitchen cabinets, tile back splash, modern tiled showers, and fresh paint. Both buildings are currently fully leased to office tenants under Modified Gross leases. 12 W Taylor's lease expires on April 30, 2027, and 22 W Taylor's lease expires on February 28, 2029. Importantly, the 22 W Taylor lease does not include a renewal option. This provides an opportunity for a future owner to occupy one or both buildings upon lease expiration. The project is zoned MU-MC (Mixed Use MidTown Commercial). The zoning does allow for multifamily development. Attached vacant lot at 30 W. Taylor is also for sale, the lot is .081 acres and zoned mixed use.