N Wells Ave Reno, NV 89512
10.77 acres suitable for multifamily housing development.
Type:Land
Lot size:
10.77 Acres- Added:
- Jan 28, 2020
- Days on Market:
- 2273
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for N Wells Ave
General Information
- Standard status
- Active
- Lot size
- 10.77 Acres
- Property subtype
- Land
Listing agent Reed Simmons License #NV 0012512
Listing office Avison Young - Reno
Listing date Jan 28, 2020
Source Crexi
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Overview
Wells Avenue Multifamily Development Opportunity
This property on Wells Avenue comprises 10.77 acres and is located inside the McCarran Avenue ring. The site is zoned MF30 and MU, making it suitable for multifamily housing. A portion of the area is currently tenant-occupied under a ground lease to an environmental recycle company, with approximately 5 years remaining. This arrangement could allow a developer to complete a project in two phases while receiving triple net rents on a portion of the site.
Location Intelligence
Current Use by Public Records
Land
Map
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.802759
- Latitude
- 39.52794
Nearby Similar for Sale
FAQs
What type of property is this?
Land - 10.77 acres suitable for multifamily housing development.
Where is this land located?
The property is located at N Wells Ave Reno, NV.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Ideal location inside the McCarran Avenue ring.; Zoning allows for multifamily housing (MF30 and MU).; Large 10.77‑acre infill site.
