1678 Virginia StReno, NV 89503

Property Details for 1678 Virginia St

Lot size

0.34 AC

Property type

Office properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5489

Longitude

-119.821

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