For Sale
$550,000

0 California AveReno, NV 89509

Luxury Townhome Development Site, 1.12 Acres

Overview

Added:
Dec 11, 2024
Days on market:
116
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
California Ave, Reno, Nevada

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0 California Ave
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