DCG Represents Seller in $2.75M Disposition of Former Bank Branch on Prominent Reno Corner

DCG Represents Seller in $2.75M Disposition of Former Bank Branch on Prominent Reno Corner

DCG Principal Tom Fennell, SIOR, CCIM, and Vice President of Retail Gary Tremaine represented the seller in the disposition of 4045 South Virginia Street. Previously a retail bank branch and office, the 8,200-square-foot building sold for $2,750,000. DCG conducted a competitive call for offers process, attracting multiple bidders and securing a final sales price nearly 10% above the original asking price.

Situated on a 1.146-acre parcel in Central Reno, the freestanding mixed-use building is located on South Virginia Street, Reno’s primary arterial road. The property is located across the street from the Reno Convention Center and the Atlantis Resort/Casino. Zoned for mixed-use urban purposes, this versatile space is suitable for both office and retail and features multiple drive-thru lanes.