For Sale
$6,550,000

Wells Ave Reno, NV 89512

7.8 acres, multifamily potential

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 7.8-acre commercial land parcel presents a unique investment opportunity in Reno, Nevada. Located near the University of Nevada, Reno (UNR), this property offers significant development potential. The site is comprised of seven parcels (APN: 004-202-65, 004-202-67, 008-011-01, 008-011-02, 008-011-03, 008-011-04 & 004-161-30) totaling 7.8 acres, with a zoning designation of MF30 and MU, making it ideal for multifamily or student housing projects. The property is situated on N Wells Ave, Reno, NV 89512, within Washoe County. This infill site is one of the few remaining within the McCarran Avenue ring. Flexible purchase options are available: Option I (5 parcels, 5.47 acres) for $4,600,000

Highlights

  • 7.8-acre commercial land parcel in Reno, NV, near UNR.
  • Flexible purchase options available.
  • Option I: 5.47 acres for $4,600,000.
  • Option II: 2.33 acres for $1,950,000.
  • Option III: 7.8 acres for $6,550,000.

Property Details for 0 Wells Ave

Property type
Land
Lot Size (sq. ft)
101,495 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.5376237
Longitude
-119.8032901

FAQs

What type of property is this?
Land - 7.8 acres, multifamily potential
Where is the land located?
The property is located at Wells Ave Reno, NV.
What is the asking price?
The asking price for this property is $6,550,000.
What are key features of this property?
This property features: 7.8-acre commercial land parcel in Reno, NV, near UNR.; Flexible purchase options available.; Option I: 5.47 acres for $4,600,000.
How can I contact the broker?
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0 Wells Ave
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