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0 Legends Bay Drive - Legends Bay Drive

9.19 Acres of Commercial Land Offered at $7,600,000 in Sparks, NV 89434

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Investment Highlights

9.19 acre development site within Legends at Sparks Marina
10.3 Million annual visitors to Legends at Sparks Marina
High occupancy neighboring hotels

SFR, Apartment, Hotel, Retail/Hospitality, Mixed-use
Neighboring Apartments at +/- 95% occupancy
85,000 cars combined ADT

Offering Memorandum

Property Facts

Price	$7,600,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Hospitality Apartment Units Hotel Single Family Residence
No. Lots	1	Total Lot Size	9.19 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$7,600,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Hospitality Apartment Units Hotel Single Family Residence
Total Lot Size	9.19 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$7,600,000	Lot Size	9.19 AC
Price Per AC	$826,986

Price	$7,600,000
Price Per AC	$826,986
Lot Size	9.19 AC

9.19 acre site within Legends at Sparks Marina, a highly desirable Regional Entertainment and Hospitality district with over 10M annual visitors. SFR, Apartment, Hotel, Retail possible to serve heavy commuter traffic to Tahoe Reno Industrial Center.

Description

Compelling development opportunity within the Legends at Sparks Marina, a highly desirable regional hospitality and entertainment district with over 10.3MM annual visitors. Ideal location to serve strong commuter demand from Tahoe Reno Industrial Center, (11MM SF of built manufacturing and distribution), just 13 minutes east of site. Potential for Hotel, SFR, Apartment or Retail/Hospitality. Expired conditional user permit was approved for 124 apartment units and 124 Townhomes, 247 total residential units.

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PROPERTY TAXES

Parcel Number	037-031-18	Improvements Assessment	$98
Land Assessment	$910,719	Total Assessment	$910,817

PROPERTY TAXES

Parcel Number

037-031-18

Land Assessment

$910,719

Improvements Assessment

$98

Total Assessment

$910,817

zoning

Zoning Code	MUD (Mixed Use Commercial within a Major Activity Center)
MUD (Mixed Use Commercial within a Major Activity Center)

Listing ID: 33565308
Date on Market: 10/18/2024
Last Updated:
Address: 0 Legends Bay Drive, Sparks, NV 89434

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0 Legends Bay Drive, Sparks, NV for sale Other- Image 1 of 2 — Hotels

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