For Sale
$1,975,000

590 Pyramid WaySparks, NV 89431

108-Unit Multifamily Opportunity, 0.91 Acres

Overview

Added:
Feb 13
Days on market:
55
This exceptional 0.91-acre land parcel in Sparks, Nevada, presents a remarkable opportunity for a 108-unit multifamily development. The property, encompassing two parcels (APN: 033-241-01, 032-152-16), is zoned MUD, allowing for multifamily, retail, and office uses. A fully engineered, permit-ready plan set is included, detailing two four-story buildings with 124 secured parking spaces. All utilities are available on-site, complemented by 3 acre-feet of water rights and sewer fee credits. The prime location in Sparks offers easy access to major thoroughfares, including I-80 and US 395, providing seamless connectivity to surrounding areas such as the University of Nevada, Tahoe-Reno Industrial Center, and Lake Tahoe. Residents will enjoy proximity to Victorian Square, the Sparks Marina, The Outlets at Legends, and various local events. The asking price is $1,975,000, with a land value of $49.82 per square foot. This development site represents a compelling investment opportunity in a thriving Nevada community. The addresses included are 590 and 531 Pyramid Way, Sparks, NV 89431.

Highlights

  • $1,975,000 asking price for 0.91 acres of land.
  • 108-unit multifamily development site, fully engineered and permit-ready.
  • Two parcels totaling 0.91 acres, located at 590 & 531 Pyramid Way, Sparks, NV 89431 (APN: 033-241-01, 032-152-16).
  • MUD zoning (Multifamily, Retail, Office).
  • Includes 3 acre-feet of water rights and sewer fee credits.

Property Details for 590 Pyramid Way

Property type
Land
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Sparks
County
Washoe
State
Nevada
Latitude
39.538621515576
Longitude
-119.75287151832
590 Pyramid Way, Sparks, Nevada

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590 Pyramid Way
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