55 Denmark DrSparks, NV 89437

Property Details for 55 Denmark Dr

Lot size

5.00 AC

Zone code

I-2

Property type

Industrial land

APN

005-101-09

APU

510109

Description

This exceptional 5-acre commercial and industrial land parcel, located at 55 Denmark Drive, Sparks, NV 89437 (APN 005-101-09), presents a unique investment opportunity within the thriving Tahoe Reno Industrial Center (TRIC). Situated in business-friendly Storey County, Nevada, this property boasts expedited permitting processes, benefiting from the area's attractive tax structure—no state or corporate income tax. The lot offers excellent access via Denmark Drive and USA Parkway, placing it within 20 minutes of Reno and 45 minutes of Lake Tahoe. The property's zoning allows for commercial, retail, and light industrial development, making it ideal for a wide range of businesses. This prime location within TRIC positions your investment amongst established industry leaders, including Tesla, Switch, Google, Apple, and many others, creating a dynamic and rapidly growing business environment. The asking price is $2,722,250, translating to approximately $12.50 per square foot. This represents a compelling opportunity to capitalize on the high demand for commercial and retail space in this strategically advantageous location, further enhanced by its designation as an Opportunity Zone. The property is ready for immediate development, offering a seamless transition from acquisition to construction.

• Alternative Use

  Use

  Valuation

  Residential

  $47,310,296

  Hospitality

  $43,335,976

  Educational

  $36,055,024

  Medical

  $37,295,012

  Retail

  $56,085,596

Location Insight

City

Sparks

County

Storey

State

Nevada

Latitude

39.5402

Longitude

-119.485

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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