449 S Virginia Street, Reno, NV 89501

449 South Virginia Street at 449 S Virginia Street, Reno, NV 89501 is a rare opportunity to acquire a fully leased downtown Reno office asset with immediate income and long-term upside. Positioned at the high-visibility corner of S. Virginia Street and California Avenue, this four-story Class B office building offers approximately 25,840 SF, including a finished basement, on ±0.482 acres. Originally constructed in 1973 and substantially upgraded in 2023, the property combines stabilized cash flow with modernized building systems and refreshed interiors. The building is 100% occupied by four tenants, providing durable tenancy and an estimated NOI of approximately $394,323.80. The site includes 32 parking spaces and is zoned MD-RD (Mixed-Use Downtown Riverwalk District), allowing flexibility for continued office use or future repositioning. Surrounded by the energy of Downtown Reno, the property benefits from proximity to the Riverwalk District, Reno’s Neon Line, the central business district, major redevelopment projects, and the University of Nevada, Reno. For investors seeking a high-traffic, income-producing asset in one of Northern Nevada’s most dynamic urban corridors, 449 South Virginia Street stands out as a compelling downtown Reno investment.