231 & 233 N Virginia St. - The Nugget

The Vincent Advisory Group of LOGIC Commercial Real Estate is pleased to present the exclusive opportunity to acquire The Nugget, a former casino property in the heart of Downtown Reno with a rare grandfathered non- restricted Nevada gaming license that has been preserved. Strategically positioned on N. Virginia St., just steps away from the famous Reno Arch, this historic Property benefits from a prime location amidst popular gaming, entertainment, and hospitality offerings. Additionally, being located within the designated City of Reno Redevelopment Project Area (“RDA 1”), presents the possibility of relocating the grandfathered gaming license to a new location within the RDA 1*, offering a new owner a multitude of value-add opportunities.
The Property has been a staple in Downtown Reno since 1935, operating for many of those years under The Nugget name and brand. The ± 8,390 SF building features a main floor that formerly housed the casino and diner, a basement with storage and prep areas, and a mezzanine floor with offices and restrooms. The Nugget offers a true value-add casino opportunity for a new owner to utilize the gaming license onsite or at another location within the area*. We invite you to learn more about this exciting casino opportunity!
*License relocation subject to Buyer’s due diligence & verification
For more information and to sign the Confidentiality Agreement, please visit https://logiccre.com/the-nugget-reno/