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Entitled Land for Townhome Development
For Sale
$579,000

0 CALIFORNIA AVE, Reno, NV 89509

Land entitled for 16 luxury townhomes near downtown Reno.

Property Size1 SF
Lot Size1.00 Acre
Price / SF$579,000
Days on Market196

Property Features for 0 CALIFORNIA AVE

General Information

Standard status Active
Size 1 SF
Lot size 1.00 Acre
Property subtype Land
Listing Agency: Johnson Group Commercial
Listed By: Ryan Johnson, CCIM · License #NV #BS.1707
Source: Tcnworldwide
Added: Jan 27 Changed: Aug 8 Last Checked: Jul 16 at 3:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Johnson Group Commercial

Investment Insights

Based on property information with market context.

This is an undeveloped parcel of land fully entitled for a 16-unit luxury townhome development. Preliminary plans are available. The location is approximately 1/2 mile from downtown nightlife and restaurants, and within walking distance of a drug store, cleaners, Idelwild Park, and Reno High School. Approved entitlements include a zoning change allowing up to 20 residential units, a tentative map for 16 residential units, and a special use permit for grading that allows cuts greater than 20 feet in depth, as well as a single-family residential attached development. A new bike path and sidewalk connect the site to downtown. Area comps are selling at over $350 per square foot, making this a hard-to-come-by area for an infill project. The owners are willing to consider a joint venture if the buyer desires.

Key Highlights

  • Fully entitled for a 16‑unit luxury townhome development.
  • Zoning allows up to 20 residential units.
  • Prime location: just 1/2 mile from downtown nightlife and restaurants.

Property Analytics

Current Use

Residential land & home ...

Location Intelligence

Trade Area within ½ mile

493
Businesses Nearby

Demographics for 89509, NV

34,817
Population
18,290
Households
1.9
Avg Household Size
44
Median Age
50%
College-Educated
95%
High-School Grad
8.8 sq mi
ZIP Area
3,956
Density / Sq Mi
$81,751
Median Household Income
$47,546
Median Earnings
$1,443
Median Rent
$670,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Land entitled for 16 luxury townhomes near downtown Reno.
Where is this residential land & home lot located?
The property is located at 0 CALIFORNIA AVE Reno, NV.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Fully entitled for a 16‑unit luxury townhome development.; Zoning allows up to 20 residential units.; Prime location: just 1/2 mile from downtown nightlife and restaurants.
More about this property
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