1 Serpa PlFallon, NV 89406

This exceptional 9-acre commercial land parcel, located at 0 Serpa Place in Fallon, Nevada, presents a compelling investment opportunity. Situated in Churchill County, with a zip code of 89406 (APN 001-081-14), this property is zoned RC and offers significant potential for multifamily development. The asking price is $1,350,000. Preliminary estimates suggest a potential yield of approximately 175 residential units, based on an average unit size of 2,000 square feet. Fallon's strategic location, proximate to the Naval Air Station and serving as a bedroom community for the Tahoe Reno Industrial Center (TRIC), contributes to a robust and growing market. This presents a unique chance to capitalize on the area's expanding population and increasing demand for housing. The property's substantial size and favorable zoning regulations make it an attractive prospect for developers seeking to create a significant multifamily project. Detailed site plans and feasibility studies can be provided upon request. This is a rare opportunity to acquire a large, well-located parcel of land in a thriving Nevada community. Don't miss out on this chance to build your next successful development.