For Sale
$1,575,000

1678 Virginia StReno, NV 89512

Prime location, development potential, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.34-acre property, located at 1678 N Virginia St in Reno, Nevada, 89512, presents a unique investment opportunity near the University of Nevada, Reno. The property currently features a 2,222 square foot, two-story building, situated in a vibrant area with approximately 24,000 students. The property is vacant and offers significant flexibility for redevelopment or continued use. Zoned MU UNR PF (Public Facilities), permitted uses include, but are not limited to: duplexes, fourplexes, medical facilities, schools, daycare centers, general offices, urban farms, and parking lots. The asking price is $1,575,000, translating to $708.82 per square foot. The property's location within an Opportunity Zone adds further investment appeal. Comparable land sales across the street have ranged from $90 to $103 per square foot, indicating strong potential for future appreciation. This property is ideal for investors seeking a high-growth area with diverse development possibilities. Detailed zoning information is available via the provided link in the original listing. This is a rare chance to acquire a strategically located property with significant upside potential in a thriving university community.

Highlights

  • For Sale or Land Lease near University of Nevada, Reno.
  • Excellent student housing site near 24,000 students.
  • Located in an Opportunity Zone.
  • Comparable land sales across the street fetched $90-$103/SF.
  • Permitted uses include duplexes, fourplexes, medical facilities, schools, daycares, general offices, urban farms, and parking lots.

Property Details for 1678 Virginia St

Property type
Specialty properties, Schools
Square Feet
2,222 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
14,810 SF
Units
1

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.548812580973
Longitude
-119.82149590511
1678 Virginia St, Reno, Nevada

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1678 Virginia St
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