Antique Mall | 1251 S Virginia St
Antique Mall at 1251 S Virginia Street, Reno, Nevada, offered at $4,400,000 for owner-user or investment acquisition. The 17,600 SF concrete and masonry building sits on 0.85 acres at one of Midtown Reno's busiest signalized intersections, commanding approximately 28,400 vehicles per day and a Walk Score of 91. Zoned MU-MC (Mixed Use – Midtown Corridor), the property will be delivered vacant, offering maximum flexibility for redevelopment or adaptive reuse.
Built in 1939, the single-story structure features 240 feet of frontage along South Virginia Street, 155 feet on East Arroyo Street, and 47 on-site parking spaces with two curb cuts. The asking price of $250 per building square foot and $119 per land square foot is positioned below estimated replacement cost and competitive with recent Midtown sales. The zoning permits numerous commercial uses by right—including educational facilities, fitness centers, medical offices, restaurants, and multi-tenant retail—without variances or special permits. Future redevelopment is permitted up to five stories with a maximum height of 65 feet and a 3.0 floor area ratio, providing significant long-term upside.
The location is less than one mile from downtown Reno and anchors Northern Nevada's most densely populated retail district. Midtown maintains retail occupancy exceeding 96%, rising rental rates, and minimal remaining development sites, reflecting strong market fundamentals. An indicative vanilla-shell build-out budget is available in the offering memorandum.
- 28,400 vehicles per day; Walk Score 91
- Versatile zoning (MU-MC) permits numerous uses by right
- Redevelopment potential up to 5 stories, 65 feet, 3.0 FAR
- 240 feet of South Virginia Street frontage; 47 parking spaces
- Midtown retail occupancy exceeding 96% with rising rents
More property details
Features & amenities
Location
1251 S. Virginia offers a rare opportunity to acquire a highly visible commercial property positioned at one of Midtown Reno's busiest signalized intersections, within Northern Nevada's most densely populated and rapidly growing retail district. The location benefits from approximately 28,400 vehicles per day, a Walk Score of 91, and is less than one mile from downtown Reno. Midtown continues to experience strong market fundamentals, with retail occupancy exceeding 96%, rising rental rates, and virtually no remaining development sites available along the corridor.
Situated on approximately 0.85 acres, the property features a 17,600-square-foot concrete and masonry building, making it one of the few remaining large-scale redevelopment opportunities in Midtown. The site offers approximately 240 feet of frontage along South Virginia Street, 155 feet on East Arroyo Street, 47 on-site parking spaces, two curb cuts, and will be delivered vacant at closing, providing maximum flexibility for an owner-user or investor.
The property's versatile footprint is well suited for a wide range of uses, including educational facilities, fitness centers, places of worship, medical or dental offices, restaurants, or a multi-tenant retail concept. Zoned MU-MC (Mixed Use – Midtown Corridor), the site allows numerous commercial uses by right without the need for use variances or special permits. The zoning also permits future redevelopment of up to five stories with a maximum height of 65 feet and a 3.0 floor area ratio (FAR), offering significant long-term redevelopment potential.
Offered at $4,400,000, the property is priced at approximately $250 per building square foot and $119 per land square foot, representing an attractive value compared to recent Midtown sales and remaining below estimated replacement cost. An indicative vanilla-shell build-out budget prepared by Marmot's general contracting division is available within the offering memorandum, providing prospective buyers with added cost transparency and confidence. Combining a premier location, flexible zoning, redevelopment potential, and attractive pricing, 1251 S. Virginia presents an exceptional opportunity to establish a landmark presence in one of Reno's most dynamic commercial corridors.