1151 Valley Rd - MULTI FAMILY OR STUDENT HOUSING DEVELOPMENT 0.21 Acres of Commercial Land Offered at $729,920 in Reno, NV 89512

INVESTMENT HIGHLIGHTS

  • The projected land market price is $80.00 per square foot
  • Corner Lot
  • Zoning of MF30 per Assessor
  • Major Artery access to the desired area
  • Residetial building and free-standing garage exist on site

EXECUTIVE SUMMARY

Johnson Group is pleased to offer the opportunity to purchase land for the development of student housing at to the University of Nevada. The enrollment of at the University is expected to reach 23,000 students by 2025, and 25,000 students by 2030

PROPERTY FACTS

Price $729,920
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 0.21 AC
Opportunity Zone Yes
Zoning MF30

1 LOT AVAILABLE

Lot

Price $729,920
Price Per AC $3,484,803.64
Lot Size 0.21 AC

DESCRIPTION

Johnson Group is pleased to offer the opportunity to purchase land for the development of student housing at to the University of Nevada. The enrollment of at the University is expected to reach 23,000 students by 2025, and 25,000 students by 2030.

Bike Score®
Very Bikeable (84)
  • Listing ID: 29962491

  • Date on Market: 11/3/2023

  • Last Updated:

  • Address: 1151 Valley Rd, Reno, NV 89512