$1,150,000

Seize the opportunity to own this versatile mixed-use building in the highly coveted Midtown Reno area. This two-story property offers a unique blend of commercial and residential zoning, making it an ideal investment for entrepreneurs, investors, or businesses. The building can accommodate a variety of businesses. It has a prime location, ample parking, and potential for future development. Plenty of room to build a residential building on the lot behind. So much untapped value in this property. The main level is currently available for lease, and to optimize current rental rates. The upstairs features a welcoming reception area, perfect for greeting clients and guests. One large space and one office are available for rent, offering flexibility for new tenants or businesses looking to expand. One upstairs space is currently rented on a month-to-month lease. All of the spaces are large, well-lit, and adaptable to professional needs. Businesses such as karate studios, nail salons, spas, therapists, and dance studios have occupied the spaces over the past 20 years. The property features a generous lot at the back, currently used for parking. This space can accommodate multiple vehicles, and the street also offers parking, ensuring convenience for tenants and clients. The large lot offers significant development opportunities. Depending on county regulations, this space could be transformed into a multi-family building or another office structure, maximizing the property value and utility. With an established tenant and multiple available office spaces, this property offers immediate rental income with growth potential, benefiting from easy access to a vibrant community. Midtown is known for its eclectic mix of shops, dining, and entertainment options, making it a highly desirable area for both businesses and residents. There is the possibility of living upstairs and running your business downstairs, offering a very unique opportunity in a highly walkable area. Seller has installed a new A/C system on both floors, including new condensers.