1205 Penny LnFernley, NV 89408

Property Details for 1205 Penny Ln

Lot size

2.78 AC

Zone code

C2

Property type

Commercial land

APN

021-272-37

APU

2127237

Description

This exceptional 6.03-acre commercial land parcel in Fernley, Nevada, presents a compelling investment opportunity. Located at 1205 Penny Ln, 89408, the property boasts a prime location within Fernley's commercial core, offering unparalleled visibility and accessibility. Zoned C2 (General Commercial), this versatile land allows for a wide range of development options, including hotels, restaurants, and multifamily housing. The site benefits from significant advantages, including 50 acre-feet of water rights, a crucial asset for efficient and cost-effective development. Fernley's robust economic growth, fueled by a diverse range of employers such as Bear Paw, Sherwin Williams, Trex Decks, and Walmart, creates a strong demand for commercial space, ensuring a high return on investment. The property's proximity to the Tahoe Reno Industrial Center further enhances its appeal, providing access to a large workforce and customer base. The APN is 021-272-37, 021-272-38. This is a rare opportunity to acquire a strategically located, well-zoned, and water-rich commercial property in a rapidly expanding Nevada market. The asking price is $1,999,000.

• Alternative Use

  Use

  Valuation

  Residential

  $26,334,980

  Hospitality

  $24,122,700

  Educational

  $20,069,804

  Medical

  $20,760,036

  Retail

  $31,219,694

Location Insight

City

Fernley

County

Lyon

State

Nevada

Latitude

39.6058

Longitude

-119.224

CBSA code

22280

CBSA name

FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@paperhouses.co and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@paperhouses.co.