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Mica Pl Reno, NV 89503

Sponsored
For Sale
$2,880,000

14.92 Acres, 192 Unit Potential

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional 14.92-acre land parcel in Reno, Nevada, presents a prime opportunity for multifamily development. Located in Washoe County, near the University of Nevada Reno and Truckee Meadows Community College, this property boasts a highly desirable location with strong potential for student, market-rate, or affordable housing. The site, previously known as The Grove, has already received approval for 192 multifamily units, significantly streamlining the development process. The property's APN is 003-050-02, and it's zoned GC, making it ideally suited for residential construction. Detailed geotechnical and environmental reports are available for review, providing comprehensive due diligence information. The asking price for this exceptional development opportunity is $2,880,000. Buyers are responsible for verifying all information. This is a rare chance to acquire a large, well-situated parcel with pre-approved plans, offering significant potential for substantial returns. The address is Mica Pl, Reno, NV 89503. The property's convenient location near two major educational institutions ensures high demand and strong rental potential. This is a truly unique opportunity for investors seeking a high-impact project in a thriving Nevada market.

Property Features for 0 Mica Pl

General Information

Property type
Land
Lot Size
649,959 SF

HighLights

  • Previously approved for 192 multifamily units.
  • Ideal for market‑rate, student, or affordable housing.
  • Excellent location near University of Nevada Reno and Truckee Meadows Community College.
  • Comprehensive geotechnical and environmental reports available.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Reno
County
Washoe
State
Nevada
Longitude
-119.829405
Latitude
39.5588539

FAQs

What type of property is this?
Land - 14.92 Acres, 192 Unit Potential
Where is this land located?
The property is located at Mica Pl Reno, NV.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: Previously approved for 192 multifamily units.; Ideal for market-rate, student, or affordable housing.; Excellent location near University of Nevada Reno and Truckee Meadows Community College.
More about this property
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