1678 Virginia StReno, NV 89512

Property Details for 1678 Virginia St

Lot size

0.34 AC

Property size (Sq ft)

2,222 SF

Property type

Specialty properties

Property subtype

Schools

Description

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.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5488

Longitude

-119.821

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