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248 W 1st St

2,400 SF of Retail Space Available in Reno, NV 89501

Highlights

  • 248 W 1st Street offers a 2,400-square-foot mezzanine suite retail space for lease with an available TI allowance.
  • Move into a recently renovated building featuring new HVAC units, electrical panels, and completed in-unit bathrooms.
  • Situated in a great location close to the 395 freeway, Interstate 80, and the Reno/Tahoe International Airport.
  • In the heart of Downtown Reno, home to a wide array of casinos, resorts, local shops and restaurants, and the University of Nevada.

all available space(1)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 2nd Floor, Ste Mez
  • 2,400 SF
  • Negotiable
  • $33.75 CAD/SF/YR $2.81 CAD/SF/MO $363.32 CAD/m²/YR $30.28 CAD/m²/MO $6,751 CAD/MO $81,009 CAD/YR
  • Retail
  • Partial Build-Out
  • Now

This 2,400 SF mezzanine suite has one completed bathroom, a new electrical panel, no lighting with generic convenience outlets throughout, a surface-mounted conduit, and two new HVAC units mounted on the roof above. There is a main HVAC duct through the concrete ceiling in each unit. No additional distribution ducts in the space.

  • Lease rate does not include utilities, property expenses or building services
  • Central Air Conditioning
  • Recently Renovated
  • Partially Built-Out as Standard Retail Space
  • Great location in Downtown Reno
  • TI Allowances for Qualified Tenants
Space Size Term Rental Rate Space Use Condition Available
2nd Floor, Ste Mez 2,400 SF Negotiable $33.75 CAD/SF/YR $2.81 CAD/SF/MO $363.32 CAD/m²/YR $30.28 CAD/m²/MO $6,751 CAD/MO $81,009 CAD/YR Retail Partial Build-Out Now

2nd Floor, Ste Mez

Size
2,400 SF
Term
Negotiable
Rental Rate
$33.75 CAD/SF/YR $2.81 CAD/SF/MO $363.32 CAD/m²/YR $30.28 CAD/m²/MO $6,751 CAD/MO $81,009 CAD/YR
Space Use
Retail
Condition
Partial Build-Out
Available
Now

2nd Floor, Ste Mez

Size 2,400 SF
Term Negotiable
Rental Rate $33.75 CAD/SF/YR
Space Use Retail
Condition Partial Build-Out
Available Now

This 2,400 SF mezzanine suite has one completed bathroom, a new electrical panel, no lighting with generic convenience outlets throughout, a surface-mounted conduit, and two new HVAC units mounted on the roof above. There is a main HVAC duct through the concrete ceiling in each unit. No additional distribution ducts in the space.

  • Lease rate does not include utilities, property expenses or building services
  • Partially Built-Out as Standard Retail Space
  • Central Air Conditioning
  • Great location in Downtown Reno
  • Recently Renovated
  • TI Allowances for Qualified Tenants

PROPERTY FACTS FOR 248 W 1st St , Reno, NV 89501

No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Size 22,999 SF
Year Built 1948

About the Property

248 W 1st Street is an opportunity to lease a retail space below a multifamily building in the heart of Downtown Reno. The last remaining retail space in the building is a second-floor mezzanine suite comprising 2,400 square feet. Providing the opportunity to cater the space to a tenant's need, the available unit is filled with floor-to-ceiling windows and ample power solutions for a business to provide their lighting. This stunning suite is enhanced with a new electrical panel, generic convenience outlets throughout, and a surface-mounted conduit. There is one ensuite bathroom that was recently completed. 248 W 1st Street has two new HVAC units mounted on the roof above the mezzanine space, and the duct is funneled through the concrete ceiling in each unit. There are no additional distribution ducts in the space. On the two upper levels above the retail suites, the building features 28 apartment units. Find this mixed-use property at a highly accessible location in Downtown Reno. 248 W 1st Street conveniently reaches the Interstate 580, 80, and the 395 and 659 Freeways that travel throughout the greater Reno area. The retail destination is strategically located in Downtown Reno, where many flock to the Reno Aces, Circus Circus, the Reno Events Center, and much more. The property is in proximity to local amenities in the Meadowood Submarket, including Walmart Supercenter, Sam's Club, Nordstrom Rack, Best Buy, and The Cheesecake Factory. This well-maintained building is one mile from The University of Nevada, Reno, with a student body of over 21,778 students.

Features and Amenities

  • 24 Hour Access
  • On-Site Retail
  • Elevator
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
21,302
136,633
240,852
316,360
2029 Population
22,278
144,072
253,447
332,272
2024-2029 Projected Population Growth
4.6%
5.4%
5.2%
5.0%
Median Age
39.1
36.0
37.0
38.1
College Degree + Higher
30%
26%
26%
18%
Daytime Employees
30,248
99,349
167,127
205,321
Total Businesses
3,651
10,458
16,989
21,340
Average Household Income
$64,183
$73,603
$82,450
$86,567
Median Household Income
$41,184
$52,157
$61,423
$66,068
Total Consumer Spending
$263.8M
$1.6B
$2.9B
$4B
2024 Households
11,564
58,509
99,133
128,525
Average Home Value
$550,995
$485,594
$488,154
$486,772
$ values in USD

Nearby Major Retailers

Anytime Fitness
Nevada State Bank
U.S. Bank
Starbucks
Chase Bank
Original Mel's Of Reno
Ruth’s Chris Steak House
Chuy's
Cracker Barrel Old Country Store
Wells Fargo Home Mortgage
  • Listing ID: 32908077

  • Date on Market: 2024-08-21

  • Last Updated:

  • Address: 248 W 1st St, Reno, NV 89501

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