Glen St

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Glen St

Reno, NV 89502
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel located in the city of Reno, Nevada.
  • The total lot size measures approximately 0.298 acres.
  • This asset is currently available for purchase on the market.
  • Positioned in a region with significant economic and logistical growth.
  • Suitable for a variety of commercial and business-oriented development projects.

What's Special

Reno serves as a critical economic hub in Northern Nevada, benefiting from its proximity to major transportation corridors and a business-friendly regulatory environment. The city continues to experience steady growth as companies leverage the region's logistical advantages and expanding workforce. This commercial land parcel on Glen Street provides a strategic development footprint within this established market. Spanning 0.298 acres, the site offers flexibility for various commercial uses tailored to local zoning requirements. Investors and developers can capitalize on the area's ongoing transformation, positioning projects to capture demand from the surrounding community and business sectors. The property's size and location make it suitable for retail, service-oriented businesses, or specialized office development. Proactive planning can integrate this asset into the evolving landscape of the Reno-Sparks metropolitan area, providing a foundation for long-term functional utility in a high-demand market environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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