For Sale
$1,595,000

1678 Virginia StReno, NV 89503

0.34-Acre Lot Near UNR

Overview

Added:
Dec 11, 2024
Days on market:
116
This 0.34-acre lot at 1678 N Virginia St, Reno, NV 89503, presents a unique development opportunity. Located near the University of Nevada, Reno, with approximately 24,000 students, this property offers significant potential. Currently featuring a 2,222 sq ft house, the site is zoned PF (Public Facilities), allowing for diverse uses including, but not limited to, multifamily dwellings (duplex, four-plex), medical facilities, schools, daycare centers, general offices, urban farms, and parking lots. The property's location within an Opportunity Zone adds further investment appeal. Comparable land sales in the area have ranged from $90 to $103 per square foot, indicating strong potential land value. The property's APN is 003-381-02. This versatile site is ideal for developers seeking a prime location near a major university and benefiting from favorable zoning and Opportunity Zone incentives. The asking price is $1,595,000. Detailed zoning information can be found at [link provided in original text]. This is a rare chance to acquire a substantial parcel in a high-demand area.

Highlights

  • FOR SALE: 0.34-acre lot near University of Nevada, Reno.
  • Located in an Opportunity Zone.
  • Comparable land sales: $90-$103/sq ft.
  • Public Facilities (PF) zoning allows diverse uses including multifamily, medical, educational, and commercial.
  • Asking price: $1,595,000.

Property Details for 1678 Virginia St

Property type
Office properties, Land
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Reno
County
Washoe
State
Nevada
Latitude
39.548893
Longitude
-119.820972
1678 Virginia St, Reno, Nevada

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1678 Virginia St
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