Development Opportunity in Fallon,
For Sale
Contact for pricing
1955 Coleman Rd, Fallon, NV 89406
31-acre site entitled for 444-unit apartment development.
Property SizeContact for details
Lot Size31.00 Acres
Days on Market171
Property Features for 1955 Coleman Rd
General Information
Standard status
Active
Lot size
31.00 Acres
Property subtype
Land
Zoning
R3 - Intensive Multi-Family Residential District
Listing Agency:
CBRE - Reno
(775) 823-6983
Listed By:
Aiman Noursoultanova · License #NV 0049721
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 16 at 12:43PM
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 CBRE - Reno
Investment Insights
Based on property information with market context.
This 31-acre development opportunity, entitled for the Riverstone Apartments, is located just north of Coleman Road. The project is approved for a 444-unit garden-style apartment community, featuring 17 three-story buildings, a clubhouse with a gym, and a leasing office. Additional amenities include a children’s playground, a network of recreation trails and open space, a dog park, and a swimming pool. Alternatively, the property could be developed into a single-family community, subject to City approval, addressing the area's tight housing availability. Churchill County is experiencing a significant housing shortage amidst projected strong economic development and increased job opportunities. This project is intended to satisfy the strong need for apartment housing in the area.
Key Highlights
- Entitled for a 444‑unit garden style apartment community.
- Located on a 31‑acre site.
- Approved plans include 17 three‑story buildings, a clubhouse with gym and leasing office.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 89406, NV
25,204
Population
10,872
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
92%
High-School Grad
1,993.0 sq mi
ZIP Area
13
Density / Sq Mi
$73,268
Median Household Income
$41,060
Median Earnings
$1,203
Median Rent
$298,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 31-acre site entitled for 444-unit apartment development.
Where is this residential land & home lot located?
The property is located at 1955 Coleman Rd Fallon, NV.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Entitled for a 444‑unit garden style apartment community.; Located on a 31‑acre site.; Approved plans include 17 three‑story buildings, a clubhouse with gym and leasing office.
