590 Pyramid Way Sparks, NV 89431-5057
- Commercial land
- 11,564 SF
- 0.43 lot acres
Nov 04, 2021
Current Use by Public Records
- Commercial land
Property Details for 590 Pyramid Way
- Year built
- 1968
- Construction
- WOOD FRAME
- Lot size
- 0.43 lot acres
- Property size
- 11,564 SF
- Zone code
- MUD
- Property type
- Commercial land
- APN
- 033-241-01
- APU
- 3324101
Description
This exceptional 0.91-acre land parcel in Sparks, Nevada, presents a remarkable opportunity for a 108-unit multifamily development. The property, encompassing two parcels (APN: 033-241-01, 032-152-16), is zoned MUD, allowing for multifamily, retail, and office uses. A fully engineered, permit-ready plan set is included, detailing two four-story buildings with 124 secured parking spaces. All utilities are available on-site, complemented by 3 acre-feet of water rights and sewer fee credits. The prime location in Sparks offers easy access to major thoroughfares, including I-80 and US 395, providing seamless connectivity to surrounding areas such as the University of Nevada, Tahoe-Reno Industrial Center, and Lake Tahoe. Residents will enjoy proximity to Victorian Square, the Sparks Marina, The Outlets at Legends, and various local events. The asking price is $1,975,000, with a land value of $49.82 per square foot. This development site represents a compelling investment opportunity in a thriving Nevada community. The addresses included are 590 and 531 Pyramid Way, Sparks, NV 89431.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sparks
- County
- Washoe
- State
- Nevada
- Longitude
- -119.753
- Latitude
- 39.5386
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
