Date
Details
Price
Change
Source
3/15/2026
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,700,000 Just Listed
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Property Description
Located in the heart of Reno's vibrant Wells Avenue District, 1295 S Wells Ave offers a unique commercial opportunity in one of the city's most active and culturally rich corridors. This approximately 4,787 square foot building sits on a 0.31-acre lot and was originally built in 1955, providing ample space and flexibility for a variety of business uses. Positioned along the highly visible S Wells Avenue corridor, the property benefits from strong traffic exposure and easy accessibility, making it ideal for retail, restaurant, service businesses, or mixed commercial uses. The Wells Avenue area is known for its diverse local businesses, restaurants, and strong community presence, creating consistent foot and vehicle traffic throughout the week. The property's generous lot size offers additional possibilities for parking, expansion, or redevelopment depending on future plans. With its central location just minutes from MidTown, Downtown Reno, and Reno-Tahoe International Airport, the site provides convenient access for customers, employees, and visitors alike. This is a rare opportunity to own a sizable commercial property in a well-established Reno neighborhood with continued growth and strong long-term potential.
Full Property Details
Full Property Details for 1295 S Wells Ave
General
- Price: $2,700,000
- Taxes: $4,580
- Status: Active
- Type: Business
- Source: 2502
- MLS ID: 260002926
- Updated: 3/15/2026
- Added to Site: 2 day(s) ago
Business
- Name: La Milagrosa
- Business Type: Other, Commercial
Interior
- Flooring: Concrete, Tile, Vinyl
Additional Information
- Security/Safety: Fire Alarm, Security System
- Other Features: Vehicle Door Loading, No Common Area Facilities, Loading In Rear, Loading In Front, Free Standing, Drive-In Loading, Delivery Door
Parking
- Total Spaces: 41
- Parking Features: Alley Access, Accessible Parking, Asphalt
Location
- County: Washoe
- Subdivision: Terrace Tract
- Cross Streets: Vassar Street
- Driving Directions: Corner of Wells and Vassar
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Natural Gas, Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Meter Installed
Structural Information
- # Buildings: 1
- Builder: La Milagrosa
- Exterior Const.: Brick
- Roof: Flat, Membrane, Tar/Gravel
- Common Walls: No Common Walls, No One Above, No One Below
- Windows: Metal Frames
- Stories/Levels: 2
- Building Size: 4787
- Sq. Ft. Source: Owner
- Year Built: 1955
Additional Structures
- Other Structures: Storage
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,504
- Frontage: Public
- Street/Road Desc.: Paved
- Road Maintenance: Public Maintained Road
- Lot Features: Corner Lot
- Zoning: CC
- Fencing (Description): None
Financial Considerations
- Price Per Sq. Ft.: $564.03
- Tax Amount: $4,580.03
- Terms: 1031 Exchange, Cash, Conventional
Disclosures and Reports
- APN: 014-072-09
Listed by Solid Source Realty, Nestor Santamaria (775) 351-9799
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Listing agent
— 1295 S Wells Ave —
Nestor Santamaria
Solid Source Realty
NMLS#: 1598647
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Schools
Schools serving 1295 S Wells Ave
School District:Washoe County School District
| Name | Grades | Distance |
|---|---|---|
Veterans Memorial Elementary School 1200 Locust Street, Reno, NV 89502 | K-5 | 0.2 mi |
E Otis Vaughn Middle School 1200 Bresson Avenue, Reno, NV 89502 | 6-8 | 0.6 mi |
Earl Wooster High School 1331 East Plumb Lane, Reno, NV 89502 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1295 S Wells Ave
Tax History
Tax History for 1295 S Wells Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,580
8%
$144,669
3%
2024
$4,244
8%
$140,036
8%
2023
$3,930
7%
$129,558
19%
2022
$3,680
8%
$108,457
16%
2021
$3,417
—
$93,296
—
2021
$3,417
12%
$93,753
14%
2019
$3,040
4%
$82,208
4%
2018
$2,930
5%
$79,145
-2%
2017
$2,790
3%
$81,146
—
2016
$2,717
—
$81,296
1%
2015
$2,713
3%
$80,768
13%
2014
$2,624
—
$71,294
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1295 S Wells Ave
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- Single Family
- Active
- Updated 13 hours ago
- 4Beds
- 3Total Baths
- 2,688Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 3Total Baths
- 2,648Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,543Sq. Ft.
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- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 6Total Baths
- 4,524Sq. Ft.
Listed by KOR Realty, Kili Rahbeck
- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 5Total Baths
- 4,524Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,844Sq. Ft.
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1295 S Wells Avenue, Reno, NV 89502 (MLS# 260002926) is a Business property. 1295 S Wells Avenue is currently listed for $2,700,000 and was received on March 15, 2026. Want to learn more about 1295 S Wells Avenue? Do you have questions about finding other Business real estate for sale in Reno? You can browse all Reno real estate or contact a Coldwell Banker agent to request more information.