For Sale
$550,000

California Ave Reno, NV 89509

Luxury Townhome Development Site, 1.12 Acres

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 1.12-acre development site in Reno, Nevada, presents a unique redevelopment opportunity. Located at 0 California Ave, this vacant property boasts 33,000 square feet and includes two existing buildings. The site is fully entitled for a 16-unit luxury townhome development, with preliminary plans available. Approved entitlements include a zoning change permitting up to 20 residential units, a tentative map for 16 units, and a special use permit for grading exceeding 20 feet in depth. The property is zoned MF-30 & MF-14, allowing for a single-family residential attached development. Conveniently located just half a mile from downtown Reno's vibrant nightlife and restaurants, it also offers walkability to a drug store, cleaners, Idlewild Park, and Reno High School. A brand-new bike path and sidewalk enhance connectivity to the city center. Area comparables are selling at over $350 per square foot, indicating strong potential return on investment. The sellers are open to a joint venture arrangement with qualified buyers. This infill project presents a rare opportunity in a highly desirable location.

Highlights

  • Area comparables sell for over $350 per square foot.
  • Rare infill development opportunity.
  • New bike path and sidewalk provide convenient access to Downtown Reno.

Property Details for 0 California Ave

Property type
Office properties, Land
Square Feet
33,000 SF
Buildings
2
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5143089
Longitude
-119.8275708

FAQs

What type of property is this?
Office property - Luxury Townhome Development Site, 1.12 Acres
Where is the office property located?
The property is located at California Ave Reno, NV.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Area comparables sell for over $350 per square foot.; Rare infill development opportunity.; New bike path and sidewalk provide convenient access to Downtown Reno.
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.
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0 California Ave
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