Redevelopment Opportunity Near
400 Minerva Lane, Reno, NV 89503
- Added:
- Oct 7, 2025
- Days on Market:
- 232
- Last Refresh:
- May 26 at 2:06 pm
Property Features for 400 Minerva Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MF-30
- Parking
- 2
- Window features
- Single Pane Window(s)
- Standard status
- Active
- APN
- 007-201-22 / 007-201-23
- Size
- 2,939 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3221
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Varies
- Building materials
- Block, Brick, Concrete, Frame, Wood Siding
- Roof type
- Shingle, Composition
Listing agent Corry Castaneda License #B.1001732 (775) 745-2194
Listing office Chase International-Damonte 985 Damonte Ranch Pkwy Ste 110, Reno, NV (775) 850-5900
Listing date Oct 7, 2025
MLS# 250057352
Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime redevelopment opportunity near UNR and downtown Reno.
- Dual‑parcel property totaling +/-0.435 acres zoned MF‑30, ideal for multi‑family development.
- Existing +/-2,939 sq.ft. structure with 3 units provides immediate rental income potential.
- Substantial density bonuses available, potentially allowing for up to 23 units.
- Walkable access to UNR, restaurants, and downtown amenities.
- Located within the West University Neighborhood Plan Overlay.
Overview
Located near the University of Nevada, Reno, this dual-parcel property presents a redevelopment opportunity. The site spans approximately 0.435 acres, equivalent to roughly 18,945 square feet, across two contiguous parcels. It features an existing structure of approximately 2,939 square feet with 3 units, including a duplex main house with two 2-bed/1-bath units and a separate detached 1-bed/1-bath unit. The property is zoned MF-30 within the West University Neighborhood Plan Overlay, making it suitable for multi-family development. Under the current zoning, developers can build up to 13 units, with density bonuses available. Up to 23 units are possible for smaller unit designs (under 800 sq.ft.) with an 80 percent bonus density. Up to 18 units are possible for mid-sized layouts (under 1,000 sq.ft.) with a 45 percent bonus density. Up to 17 units are possible for larger formats (under 1,200 sq.ft.) with a 35 percent bonus density. The property's location provides walkable access to UNR, restaurants, and downtown amenities, offering flexibility for student housing, urban apartments, or a mixed-use project.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.821064
- Latitude
- 39.533722
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Dual-parcel property near UNR ideal for multi-family development.
Where is this residential land & home lot located?
The property is located at 400 Minerva Lane Reno, NV.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime redevelopment opportunity near UNR and downtown Reno.; Dual‑parcel property totaling +/-0.435 acres zoned MF‑30, ideal for multi‑family development.; Existing +/-2,939 sq.ft. structure with 3 units provides immediate rental income potential.
