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    Moraine Way Reno, NV 89503

    Sponsored
    For Sale
    $695,000

    Prime Reno location, General Commercial zoning, development-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.89-acre commercial land parcel, located at 0 Moraine Way in Reno, Nevada (APN 003-130-33), presents a unique investment opportunity. Zoned General Commercial (GC), this property offers stunning views of Downtown Reno and enjoys a highly desirable location near the University of Nevada, Reno. The asking price is $695,000. Complete conceptual plans for a 20-unit student housing development are available, providing a clear path for immediate development. A Special Use Permit has previously been approved, streamlining the permitting process. This infill development site is ready for an entrepreneur to build upon the existing plans or create their own vision. The property's 1.89 acres provide ample space for a variety of commercial uses, making it an attractive proposition for developers and investors seeking a prime location in a thriving Nevada market. The convenient proximity to UNR ensures high demand and potential for strong rental income. This is a rare opportunity to acquire a well-situated, development-ready commercial land parcel in Reno, Nevada. Don't miss out on this chance to capitalize on the growing Reno market.

    Property Features for 0 Moraine Way

    General Information

    Property type
    Land
    Lot Size
    82,328 SF

    HighLights

    • Proximity to University of Nevada, Reno (UNR).
    • Approved plans for a 20‑unit student housing development.
    • Existing Special Use Permit in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.82834868998
    Latitude
    39.556592923944

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    FAQs

    What type of property is this?
    Land - Prime Reno location, General Commercial zoning, development-ready.
    Where is this land located?
    The property is located at Moraine Way Reno, NV.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Proximity to University of Nevada, Reno (UNR).; Approved plans for a 20-unit student housing development.; Existing Special Use Permit in place.
    Request Owner's contact information
    Moraine Way Reno, NV 89503
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    Reno, NV 89503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Moraine Way Reno, NV 89503
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