For Sale
$950,000

511 Lake St Reno, NV 89501

Prime 0.32-acre lot, flexible zoning.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 0.32-acre commercial land parcel presents a unique investment opportunity in the heart of downtown Reno, Nevada. Strategically located in the projected path of the University of Nevada, Reno (UNR) expansion, this level lot offers significant potential for high-density development. The property boasts MD-ED zoning, allowing for a wide range of uses and maximum buildable density, making it ideal for various commercial ventures. The sale encompasses two contiguous lots, identified by Assessor's Parcel Numbers (APN) 007-501-04 and 007-501-05, providing a combined area of 0.32 acres. Situated at 511 Lake Street, Reno, NV 89501, this property benefits from its prime location within a dynamic urban environment. The flexible zoning regulations, combined with the anticipated growth spurred by UNR's expansion, position this land for substantial future appreciation. This is an exceptional chance to acquire a highly versatile and strategically located property in a rapidly developing area of Reno. The asking price for this exceptional development opportunity is $950,000.

Highlights

  • Prime downtown Reno location, proximate to UNR expansion.
  • Two level lots offered (APN 007-501-04 & 007-501-05) with highly flexible MU-ED zoning.
  • MU-ED zoning allows for high density and diverse development options.

Property Details for 511 Lake St

Property type
Land
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5318961
Longitude
-119.8124772

FAQs

What type of property is this?
Land - Prime 0.32-acre lot, flexible zoning.
Where is the land located?
The property is located at 511 Lake St Reno, NV.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime downtown Reno location, proximate to UNR expansion.; Two level lots offered (APN 007-501-04 & 007-501-05) with highly flexible MU-ED zoning.; MU-ED zoning allows for high density and diverse development options.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
511 Lake St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message