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Net Lease

425 Lovitt Ln

425 Lovitt Ln, Reno, NV 89506

Listing Price: $985,000

Cap Rate
5.41%
Gross SF
3,723
Price/Gross SF
$264.57
Lot Size
0.43 acres
Year Built
1955
Rentable SF
3,723

Investment Overview

The subject property is comprised of two buildings, totaling 3,723 square-feet, situated on 0.43 Acres of land in Reno, Nevada. The existing office building is masonry construction, while the warehouse (constructed in 1998) is metal. The associated lot is fully paved and fenced. The site has been owned and occupied by the same owner (a contractor) for over 20 years. The property is now being offered vacant, which allows for a wide variety of uses.

425 Lovitt Lane is located off of North Virginia Street, less than a mile away from Highway 395, and about 1.5 miles away from North McCarran Boulevard. With it’s close proximity to major thoroughfares in the area, this property makes it easily for a user to access the area’s growing customer base.

Listed at $985,000 this property presents the opportunity to own a versatile property that is well suited for a wide range of businesses.

Investment Highlights

  • Two Buildings; Office & Warehouse
  • Ample Yard Space, Which is Paved and Fenced
  • Close Proximity to Reno's Major Thoroughfares

Exclusively Listed By

Net Lease

425 Lovitt Ln

Listing Price: $985,000

Cap Rate
5.41%
Gross SF
3,723
Price/Gross SF
$264.57
Lot Size
0.43 acres
Year Built
1955
Rentable SF
3,723

Investment Highlights

  • Two Buildings; Office & Warehouse
  • Ample Yard Space, Which is Paved and Fenced
  • Close Proximity to Reno's Major Thoroughfares

Investment Overview

The subject property is comprised of two buildings, totaling 3,723 square-feet, situated on 0.43 Acres of land in Reno, Nevada. The existing office building is masonry construction, while the warehouse (constructed in 1998) is metal. The associated lot is fully paved and fenced. The site has been owned and occupied by the same owner (a contractor) for over 20 years. The property is now being offered vacant, which allows for a wide variety of uses. 425 Lovitt Lane is located off of North Virginia Street, less than a mile away from Highway 395, and about 1.5 miles away from North McCarran Boulevard. With it’s close proximity to major thoroughfares in the area, this property makes it easily for a user to access the area’s growing customer base. Listed at $985,000 this property presents the opportunity to own a versatile property that is well suited for a wide range of businesses.

Exclusively Listed By

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