434 Highland AveReno, NV 89512
- Other commercial real estate
- 3.62 AC
Property Details for 434 Highland Ave
- Lot size
- 3.62 AC
- Property type
- Other commercial real estate
- Property subtype
- Other land
Description
This exceptional 3.619-acre land parcel in Reno, Nevada (APN 007-083-60), is zoned MF30 and offers a fully permitted, high-density student housing development opportunity. Located a half-block from the University of Nevada, Reno (UNR), this shovel-ready project includes approved plans for 268 units totaling 945 beds. The assemblage of 11 prior parcels boasts completed design and inspections, ensuring a seamless transition to construction. Importantly, building permits were secured prior to recent zoning changes that are expected to prevent future high-density student housing projects of this scale near the university. This presents a unique value-added opportunity with significant potential for high returns. UNR's enrollment is projected to reach 25,000 students by 2030, creating strong demand for student housing. The property's location within a Qualified Opportunity Zone provides additional investment incentives. The asking price is $18,500,000.
Location Insight
- City
- Reno
- County
- Washoe
- State
- Nevada
- Latitude
- 39.5401
- Longitude
- -119.81
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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