0 Tripp - Willow Hills / Tripp Dr Redevelopment Land
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0 Tripp - Willow Hills / Tripp Dr Redevelopment Land
0.8 Acres of Residential Land Offered at $575,000 in Reno, NV 89512
Investment Highlights
- .5 Miles to US-395
- Views of Downtown Reno
Executive Summary
NAI Alliance is pleased to present the opportunity to purchase approximately +/- 0.8 AC of multi-family redevelopment land. The site currently houses the original Willow Hills community Clubhouse (abandoned) and filled in swimming pool. With MF30 zoning, a potential new owner could develop up to 24 multi-family units. Situated a short drive from both downtown Reno and the Reno- Sparks Convention Center, residents can conveniently access work, entertainment, and cultural attractions. The proximity to Interstate 580 and U.S. Route 395 ensures seamless connectivity to surrounding areas, including Lake Tahoe, Carson City, and beyond. Located just blocks away is the in-development Debbie Smith Career and Technical Academy High School which will offer a range of classes from culinary to robotics once it opens in 2025. With its accessibility, local amenities, new educational offerings, and investment potential, this location presents a compelling opportunity for investors seeking a development to better serve the community
Situated in a designated Qualified Census Tract (QCT), this property offers unique opportunities for potential tax incentives and development funding programs, making it an ideal investment for a residential development project.
Situated in a designated Qualified Census Tract (QCT), this property offers unique opportunities for potential tax incentives and development funding programs, making it an ideal investment for a residential development project.
Property Facts
Price | $575,000 | Property Subtype | Residential |
Sale Type | Investment | Total Lot Size | 0.80 AC |
No. Lots | 1 | Opportunity Zone |
Yes
|
Property Type | Land |
Price | $575,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.80 AC |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $575,000 | Lot Size | 0.80 AC |
Price Per AC | $718,750 |
Price | $575,000 |
Price Per AC | $718,750 |
Lot Size | 0.80 AC |
This view lot is zoned for up to 24 units of multifamily. The south part of the parcel slopes down to Wedekind Road. This is a great redevelopment property.
zoning
Zoning Code | MF30 (Zoning is for up to 24 units of MF by right.) |
MF30 (Zoning is for up to 24 units of MF by right.) |
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0 Tripp - Willow Hills / Tripp Dr Redevelopment Land
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