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248 W 1st St
Reno, NV 89501 Downtown

$1,850 - $4,200 USD/MO

Apartments For Lease  •  1,057+ SF

Property Details

  • Property Type Apartments
  • Year Built 1948
  • Total Building Size 22,999 SF
  • Building Class C
  • Zoning MUDR
60 Transit Score
98 Walk Score

2 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste Retail 1,057 SF $21.00 USD/SF/YR
•	Suite is 1,057sf +/-  with outdoor seating (sf TBD) 
•	No hood
•	Grease interceptor billed quarterly based on pro rata shares-currently invoiced $122.10 (not included in NNN) 
•	Additional storage in basement available at $250 monthly
•	Tenant to provide list of equipment that will be offered at negotiated fee
•	Two shared common area restrooms
•	No HVAC (window AC unit) * verify hook up for dedicated HVAC and electric  
•	No LL FFE

  • Date available: Feb 2025
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
2nd Floor Ste Mez Retail 2,400 SF $21.00 USD/SF/YR
MEZ SPACE - 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.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Retail
  • Space Type: Relet

Description

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.

Highlights

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

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • On-Site Retail
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Reno (California Zephyr - Amtrak) 1 min 8 min 0.4 mi
AirportDriveWalkDistance
Reno/Tahoe International 26 min - 6.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Alex Hilgenberg 775-993-1702 Kidder Mathews
Alex Hilgenberg 775-993-1702 Kidder Mathews