East Moana Center 1295 E Moana Ln

1295 E Moana Ln , Reno, Nevada, 89502 | 9,100 sq.f | $ 3,900,000

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About This Restaurant

Investment Highlights

Signalized corner Property built in 2004 is fully fire sprinklered Strong traffic counts Dynamic central location by the Reno Airport Synergistic tenant mix with local favorites catering to the specific demands of the local customer

Executive Summary

Multiple tenant building with 2 commercial kitchens, private parking lot. Current tenants are on flexible short term leases in the event an owner user wishes to occupy a unit for his purposes. Dynamic new development in close proximity (across the street)!Possible owner financing with a strong down paymentReno-Mixed-Use Airport Zoning allows for a wide range of usesProperty built in 2004 is fully fire sprinkleredSELLER LICENSEE DISCLOSURE OF INTEREST: Pursuant to NRS 645.252 (1) (c). Listing Broker discloses that he has a direct interest (as a principal) in this transaction. Vikas (Vik) Bhatia is a licensed Real Estate Broker in the State of Nevada - LICENSE # B.26908 - Vantage Real Properties LLC

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Freestanding Freestanding General Retail Convenience Store General Retail Fast Food Office Medical Freestanding
  • Building Size    9,100
  • Building Class    C
  • Year Built    2005
  • Price    3,900,000
  • Price Per SF    429
  • Cap Rate    3.97
  • NOI    155,000
  • Percent Leased    Vacant
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Slab To Slab    9?
  • Building FAR    0.25
  • Land Acres    0.82 AC

Amenities

  • Corner Lot
  • Signalized Intersection

Nearby Amenities & Transportation

Retail Port of Subs
Retail Grocery Outlet
Retail Rent-A-Center
Retail The Human Bean
Retail Umpqua Bank
Retail IGA
Retail Round Table Pizza
Retail Raley's
Retail Capriotti's
Retail Dotty?s

Property Taxes

Parcel Number 020-231-32 Improvements Assessment $143,483
Land Assessment $324,117 Total Assessment $467,600
Date Created: 2024-07-16 04:17:59 Last Updated: 2024-07-16 04:17:59
Address: 1295 E Moana Ln , Reno, Nevada, 89502