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Esther Ave - Geraldine Ave - Fir St - Micro Way - Silver Springs Housing Development
110 Acres of Residential Land in Silver Springs, NV 89429
Investment Highlights
- The Silver Springs Housing Development is uniquely positioned to meet the extreme housing demand found in the Tahoe-Reno market.
- All lots at 5285-5965 Esther Ave feature new wells with water rights, power to site, road access, and no covenants, conditions, or restrictions.
- Located right off US Rte 50/Lincoln Hwy and less than 10 mins away from the Silver Springs Airport.
- Just 15 mins away from the Tahoe-Reno Industrial Center, home to Tesla, Google, Switch, Walmart, and more.
- The Tahoe-Reno Industrial Center is projected to create 20k new jobs, and this project can provide convenient housing options for employees.
- Biking, boating, fishing, and water skiing are available at the nearby Lahontan Reservoir, and Lake Tahoe’s world-class skiing is just 45 mins away.
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 110.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 110.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 110.00 AC |
| Lot Size | 110.00 AC |
(22) ±5-acre parcels ready for permits and housing. All lots have new wells with water rights (approximately 30-45 gallons per minute). All lots have road access and power, and no covenants, conditions, and restrictions (CC&R).
Description
The Silver Springs Housing Development at 5285-5965 Esther Avenue in Silver Springs, Nevada, is a strategically positioned site in an area that is facing an extreme housing demand. Comprised of 22, ±5-acre parcels that are ready for permits and housing, all lots have new wells with water rights (30-45 gallons per minute), road access, power to all sites, and there are no covenants, conditions, and restrictions (CC&R) on the development. Located right off US Route 50/Lincoln Highway, the major east-west thoroughfare in Silver Springs, the site is less than 10 minutes from the Silver Springs Airport, sits midway between Carson City and Fallon, and is only 15 minutes from the center of the Tahoe-Reno Industrial Center. The Tahoe-Reno Industrial Center is home to major corporations such as Tesla, Google, Switch, and Walmart and currently has over 15,000 acres in active development. This rapidly expanding center is projected to create 20,000 new jobs over the next three years. Most of the incoming workforce entering Nevada has been from California, and the rural setting of this project, plus the large, ±5-acre lots, is very enticing to these home buyers. The surrounding area also provides an abundance of recreational activities, with riding and biking trails, boating, fishing, and water skiing available at the nearby Lahontan Reservoir and world-class skiing available within 45 minutes at Lake Tahoe. The Silver Springs Housing Development presents an incredible opportunity for an investor looking to capitalize on a rapidly expanding market facing a shortage in workforce housing.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $294,000 | Total Assessment | $294,000 |
PROPERTY TAXES
zoning
| Zoning Code | R (Residential use) |
| R (Residential use) |
Presented by
Esther Ave - Geraldine Ave - Fir St - Micro Way - Silver Springs Housing Development
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