904 W 7th Street

Description

Welcome to 904 W 7th Street in Reno, NVan exceptional opportunity to own a well-maintained, income-generating professional office building just minutes from downtown and the University of Nevada, Reno. Situated along the high-visibility Keystone corridor, this three-story property offers 6,258 square feet of finished space, including 4,172 square feet above grade and a 2,086 square foot finished basement. The building is professionally zoned (PO - Professional Office) and features 19 flexible office units, most of which are currently occupied by long-term tenants on month-to-month leases, generating a strong and stable income stream, with NOI of $114,000 in 2024 and a 10.86% cap rate. Originally built in 1981, the building has been thoughtfully updated with modern mechanical systems, including electrical and plumbing upgrades, while maintaining its functional and efficient layout. The property offers excellent accessibility with wheelchair access, 24-hour entry, and air conditioning throughout. A rare find in the area, the site includes 27 paved parking spacesroughly 4.3 spaces per 1,000 square feetmaking it extremely convenient for tenants and visitors alike. 904 W 7th Street is positioned in one of Reno's most walkable districts with a Walk Score of 84, surrounded by coffee shops, restaurants, retail, and professional services. Its strategic location, just off the Keystone off-ramp, offers superb visibility and ease of access to I-80, making it ideal for owner-users, professional practices, or investors seeking a stable asset with upside potential. Whether you're looking to establish your own office while benefiting from existing rental income, or you're seeking a solid addition to your investment portfolio, 904 W 7th Street combines location, cash flow, and long-term potential in one turnkey package. Offered at $1,050,000, this property is ready to support your business or investment goals from day one.