1855 E Peckham Active Save Request In-Person Tour Request Virtual Tour
Reno,NV 89502
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 9,872 sqft
Price per Sqft $192
Subdivision Nv
MLS Listing ID 250005129
Year Built 2006
Lot Size 0.733 Acres
Acres 0.733
Property Sub-Type Industrial
Property Description
Prime Commercial Flex Space – 5-Unit Investment Opportunity Located in the heart of Reno, this desirable 5-unit commercial flex property presents an exceptional investment or owner-user opportunity. Strategically positioned near Reno-Tahoe International Airport, with easy freeway access and close proximity to the Virginia Street corridor, this property offers excellent visibility and accessibility for tenants and businesses alike. Property Highlights: - Versatile Flex Units – Ideal for office, warehouse, light industrial, or showroom use - 14' Roll-Up Doors – Convenient access for logistics and operations - Dedicated Fenced Yards – Private outdoor storage or workspace for each unit - Prime Location – Minutes from major freeways, airport, and business hubs - High Demand Area – Perfect for small businesses, contractors, and logistics - Current Maintenance/Inspections - Well cared for and maintained Investor Advantage: - Value-Add Potential – Two tenants currently leasing below market rates, offering an opportunity to increase cash flow by an additional 60%-100% NOI within 2.5-4 years - Asking price $192.46/psf; Sales comps support $236.00/psf - Appreciation Potential – Rental rate adjustments and market growth enhance the long-term value of the property This is a rare opportunity to secure a highly sought-after flex property in Reno's booming commercial sector. Contact us today for financials, leasing details, and showings. ***Stated NOI in PRO-FORMA estimates based on current lease rent escalations/budget and projected renewal terms. ***Buyer to verify power, description pulled from prior sources but not confirmed
Location
State NV
County Washoe
Zoning ME
Interior
Interior Features Metal,Sheet Rock
Heating Electric,Natural Gas,Forced Air
Flooring Concrete,Sheet Vinyl
Exterior
Exterior Feature Fiber Cement Siding,Metal Siding
Fence Back,Chain Link,Partial,Yes
Utilities Available City Sewer,Electricity,Natural Gas,City/County Water
Roof Type Metal,Pitched
Total Parking Spaces 21
Building
Story 1 Story
Foundation Concrete Slab
Level or Stories 1 Story
Structure Type Steel Frame
Others
Tax ID 02526621
SqFt Source 9872
Special Listing Condition None