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    1340 Newlands Dr Fernley, NV 89408

    For Sale
    Contact for pricing

    5.5 Acres, Prime Location, C1 & C2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.517-acre commercial land parcel, located at 1340 W Newlands Dr, Fernley, NV 89408 (APN: 020-401-02, 020-401-03, 020-400-04, 020-400-07), presents a unique investment opportunity. Zoned C1 & C2, it boasts excellent accessibility near the intersection of Interstate 80 and US Highway 95, benefiting from high traffic volume exceeding 25,800 vehicles daily (NDOT 2023 Traffic Reports). Its proximity to a casino and truck stop makes it particularly suitable for hospitality-related developments. The property's location offers convenient access to Fernley's downtown area and its amenities. This prime commercial land is priced for negotiation, presenting a compelling opportunity for developers seeking a strategic location with high visibility and significant traffic flow. The property is situated in Lyon County and offers considerable potential for a variety of commercial uses given its zoning and location. Serious inquiries are encouraged.

    Property Features for 1340 Newlands Dr

    General Information

    Property type
    Land
    Lot Size
    240,321 SF

    HighLights

    • 5.517‑acre commercial land parcel in Fernley, Nevada.
    • Zoned C1 & C2.
    • APN: 020‑401‑02, 020‑401‑03, 020‑400‑04, 020‑400‑07.
    • Located at 1340 W Newlands Dr, Fernley, NV 89408, with excellent access to I‑80 and US Hwy 95.
    • High traffic count exceeding 25,800 vehicles daily (NDOT 2023).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernley
    County
    Lyon
    State
    Nevada
    Longitude
    -119.21973328648
    Latitude
    39.610669312144

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    FAQs

    What type of property is this?
    Land - 5.5 Acres, Prime Location, C1 & C2 Zoning
    Where is this land located?
    The property is located at 1340 Newlands Dr Fernley, NV.
    What are key features of this property?
    This property features: 5.517-acre commercial land parcel in Fernley, Nevada.; Zoned C1 & C2.; APN: 020-401-02, 020-401-03, 020-400-04, 020-400-07.
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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
    1340 Newlands Dr Fernley, NV 89408
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