Entitled Multifamily Development
For Sale
Contact for pricing
Pending
890 Fremont St, Fernley, NV 89408
Entitled multifamily development site in Fernley with approved CUP and tentative map for 316 units.
Property SizeContact for details
Days on Market897
Property Features for 890 Fremont St
General Information
Standard status
Pending
Property subtype
Land
Zoning
MDR-14
Additional Details
Multifamily Units
316
Amenities
clubhouse
Listing Agency:
CBRE - Reno
(775) 823-6983
Listed By:
Aiman Noursoultanova · License #NV 0049721
Source:
Crexi
Added: Mar 12, 2024
Changed: Aug 8
Last Checked: Apr 24 at 10:59AM
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.
CBRE is pleased to present a Class A, entitled multifamily development opportunity at 890 Fremont St in Fernley, Nevada. The project, Sherwood Village, is planned to include 316 units across 17 buildings, with a unit mix of 1-, 2-, and 3-bedroom residences, as well as a clubhouse.
Entitlements include a Conditional Use Permit (CUP) and an approved tentative map by the City of Fernley. The final map is described as ready for submission within 30 days or less, subject to Buyer’s approval of current entitlements.
The offering is positioned in a fast-growing area approximately 30 minutes east of the Reno/Sparks metropolitan area, near major employment centers including the 107,000-acre Tahoe Reno Industrial Center with prominent employers such as Tesla, Google, and Switch. Fernley is also described as home to the 4,300-acre Victory Logistics District and other nearby master-planned and industrial development projects.
Entitlements include a Conditional Use Permit (CUP) and an approved tentative map by the City of Fernley. The final map is described as ready for submission within 30 days or less, subject to Buyer’s approval of current entitlements.
The offering is positioned in a fast-growing area approximately 30 minutes east of the Reno/Sparks metropolitan area, near major employment centers including the 107,000-acre Tahoe Reno Industrial Center with prominent employers such as Tesla, Google, and Switch. Fernley is also described as home to the 4,300-acre Victory Logistics District and other nearby master-planned and industrial development projects.
Key Highlights
- Sherwood Village is an entitled Class A multifamily development for 316 units in 17 buildings with 1-, 2-, and 3‑bedroom layouts
- Includes a clubhouse as part of the Sherwood Village multifamily plan
- City of Fernley approvals: conditional use permit (CUP) and tentative map are approved
Property Analytics
Property Profile
Current Use
Lease Details
316
Residential units
Location Intelligence
Trade Area within ½ mile
206
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?
Residential land & home lot - Entitled multifamily development site in Fernley with approved CUP and tentative map for 316 units.
Where is this residential land & home lot located?
The property is located at 890 Fremont St Fernley, NV.
What are key features of this property?
This property features: Sherwood Village is an entitled Class A multifamily development for 316 units in 17 buildings with 1-, 2-, and 3‑bedroom layouts; Includes a clubhouse as part of the Sherwood Village multifamily plan; City of Fernley approvals: conditional use permit (CUP) and tentative map are approved
