Listed by Colliers - Reno, Nevada
Unpriced
445 South Virginia Street | Sale
Details
APN 011-183-16
Property Type Office, Mixed Use
Sub Type Special Purpose
Square Footage 17,355
Units 67
NOI $441,773
Occupancy 100%
Tenancy Single
Lease Expiration 09/30/2028
Year Built 1940
Lot Size (SqFt) 50,268
Zoning MD-RD: Mixed-Use Downtown Riverwalk District
Parking Spaces 67 spaces
Parking Per SqFt 3.86
Investment Type Stabilized
Ground Lease No
Office | 17,355 SqFt
Marketing description
445 South Virginia Street at 445 S Virginia Street, Reno, NV 89501 presents a rare opportunity to acquire a high-profile downtown Reno mixed-use asset in the heart of the Riverwalk District. Situated on ±1.154 acres with a ±17,355 SF building, the property offers exceptional South Virginia Street visibility, strong traffic exposure, and walkable access to Reno’s core dining, entertainment, office, and lifestyle amenities.
Currently 100% occupied and leased through 9/30/2028, the asset provides stable in-place income with additional upside through future repositioning, alternative commercial uses, or lease restructuring. The site includes 67 parking spaces and benefits from MD-RD zoning, allowing for flexible mixed-use potential in one of Reno’s most active urban corridors.
Surrounded by major downtown redevelopment, the Truckee River, Riverwalk attractions, and the University of Nevada, Reno, this property is well positioned to benefit from continued investment and growth across the market. With 2025 total income of $508,157.82 and NOI of $441,772.64, this is a compelling opportunity to secure a cornerstone property in one of Northern Nevada’s most dynamic investment locations.
Investment highlights
- Prominently located downtown commercial asset currently occupied by Living Stones Church
- The 1940s-era building offers strong South Virginia Street visibility, walkable access to the Riverwalk and downtown core, and proximity to key dining, entertainment, and office demand drivers
- The property provides stable single-tenant occupancy with flexible upside potential through repositioning, alternative commercial uses, or future lease restructuring
- 100% / Leased through 9/30/2028 - Quicker vacancy potential
- MD-RD: Mixed-Use Downtown Riverwalk District zoning
Listing Contacts
Listed by Colliers - Reno, Nevada
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$441,772.64
$36,814.39/mo
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