511 Lake StReno, NV 89501

Property Details for 511 Lake St

Year built

1932

Lot size

0.11 AC

Property size (Sq ft)

1,196 SF

Zone code

MDED

Property type

Commercial land

APN

007-501-05

APU

750105

Description

This exceptional 0.32-acre commercial land parcel presents a unique investment opportunity in the heart of downtown Reno, Nevada. Strategically located in the projected path of the University of Nevada, Reno (UNR) expansion, this level lot offers significant potential for high-density development. The property boasts MD-ED zoning, allowing for a wide range of uses and maximum buildable density, making it ideal for various commercial ventures. The sale encompasses two contiguous lots, identified by Assessor's Parcel Numbers (APN) 007-501-04 and 007-501-05, providing a combined area of 0.32 acres. Situated at 511 Lake Street, Reno, NV 89501, this property benefits from its prime location within a dynamic urban environment. The flexible zoning regulations, combined with the anticipated growth spurred by UNR's expansion, position this land for substantial future appreciation. This is an exceptional chance to acquire a highly versatile and strategically located property in a rapidly developing area of Reno. The asking price for this exceptional development opportunity is $950,000.

Location Insight

City

Reno

County

Washoe

State

Nevada

Latitude

39.5319

Longitude

-119.812

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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