Listing Agency: Drakulich Commercial Partners d***@drakulich.co Show Phone

Listed By: Bryan Drakulich · License #B.6217

Source: Moodyscre

Added: Sep 25, 2023 Changed: Aug 17 Last Checked: Aug 23 at 2:41AM

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Investment Insights

Based on property information with market context.

This offering includes land in St. James's Village, encompassing 1600 acres with approximately 220 approved lots available for development. Additionally, the Sierra Reflections area spans 758 acres and features 938 approved residential units under a tentative map. The property includes 522 acre feet of dedicated water rights, supplemented by an additional 492 acre feet of surface water rights. The location is in Reno, Nevada, which has been recognized for its economic growth, with Reno moving 26 spots to #11 on the Milken Institute's annual list of best-performing cities in January 2019 and being ranked #1 in job growth in 2018 by the Bureau of Labor Statistics in January 2019.

Key Highlights

• Approved for 938 residential units (Sierra Reflections - 758 AC).
• Substantial water rights: 522 acre feet of dedicated water rights.
• Additional 492 acre feet of surface water rights.

Property Analytics

Property Profile

Current Use

St. James's Village ... Security Service

Suggested Use

Top Pick Real Estate Agency Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

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Frequently Asked Questions

What type of property is this?

Land - Large acreage approved for residential development in Reno, Nevada.

Where is this land located?

The property is located at 4100 Joy Lake Rd Reno, NV.

What are key features of this property?

This property features: Approved for **938 residential units** (Sierra Reflections - 758 AC).; Substantial water rights: **522 acre feet of dedicated water rights**.; Additional 492 acre feet of surface water rights.