816 4Th StReno, NV 89512

This exceptional 20,631 sq ft lot in downtown Reno, Nevada (APN 008-252-15), presents a prime opportunity for multifamily and mixed-use development. Zoned MU, it allows for multifamily and commercial uses by right, making it ideal for a high-rise or mid-rise building, such as the popular "Four or Five Story over Podium Garage" design prevalent in the Reno/Sparks area. The corner location at 816 E 4th St, adjacent to a high-frequency transit corridor, offers excellent accessibility and minimizes parking challenges. Alley access further optimizes building footprint and reduces setbacks. All utilities are conveniently located on-site. Adding to the investment appeal, a 2,000 sq ft tenant-occupied building currently generates income, providing a revenue stream during the permitting phase. Please note: Do not disturb the tenant. The asking price is $1,100,000, and seller financing/participation is a possibility. This property offers a unique blend of location, zoning, and potential, making it an attractive investment in a thriving urban environment.