Entitled Mixed-Use Development
For Sale
Contact for pricing
600 W Main Street, Fernley, NV 89408
28.42-acre mixed-use development site for sale.
Property SizeContact for details
Lot Size28.42 Acres
Days on Market192
Property Features for 600 W Main Street
General Information
Standard status
Active
Lot size
28.42 Acres
Property subtype
Land
Zoning
Mixed Use
Listing Agency:
CBRE - Reno
(775) 823-6983
Listed By:
Aiman Noursoultanova · License #NV 0049721
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Jul 15 at 7:00PM
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.
Available for sale is a fully entitled, approximately 28.42-acre mixed-use development site. The site is planned for a 276-unit garden-style apartment community and various commercial parcels intended for office and retail uses. Alternatively, the entitlements could be modified to reduce the commercial acreage and increase the multifamily unit count to 340 units. The property is located off Interstate 80 and adjacent to existing, under construction, and planned employment centers. The 107,000-acre Tahoe Reno Industrial Center is located 15 miles west of the site, and the new 78-acre Nevada Commerce Center by Buzz Oates is located within a mile. The 4,300-acre Victory Logistics District, master planned by Mark IV Capital, is also just to the northeast. Immediately to the south of the site is the planned Red Hawk Ranch subdivision, which will feature 282 homes in Phase 1, and an additional 282 duet units at the adjacent Duets at Red Rock. The property can be developed all at once, or in phases. Conversely, the parcels could be acquired all or in part providing flexibility for a prospective investor. All utilities are available to the site, and development studies have been completed, allowing construction to begin promptly. Hydrologic CLOMR has been approved. Hydraulic is in process with an estimated completion of 90 days. The Fernley and Lyon County markets are experiencing a shortage of housing due to the rapid influx of industrial developments and employment centers in the area. Demand for denser housing, office, and retail space is growing with the expansion of manufacturing facilities, large distribution centers as well as the U.S. Top Gun/Naval Base in nearby Fallon.
Key Highlights
- Fully entitled ±28.42 acre mixed‑use development site approved for 276 apartment units and commercial space, with potential to increase multifamily units to 340.
- Strategic location off Interstate 80, near major employment centers.
- Flexibility for phased development or acquisition of parcels in whole or in part.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 89408, NV
23,201
Population
9,039
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
91%
High-School Grad
464.1 sq mi
ZIP Area
50
Density / Sq Mi
$87,723
Median Household Income
$46,808
Median Earnings
$1,504
Median Rent
$352,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 28.42-acre mixed-use development site for sale.
Where is this land located?
The property is located at 600 W Main Street Fernley, NV.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Fully entitled ±28.42 acre mixed‑use development site approved for 276 apartment units and commercial space, with potential to increase multifamily units to 340.; Strategic location off Interstate 80, near major employment centers.; Flexibility for phased development or acquisition of parcels in whole or in part.
