N Wells Ave Reno, NV 89512

Listing agency Avison Young - Reno r***@grubb-ellis.com Show Phone

Listed by Reed Simmons · License #NV 0012512

Source Crexi

Added: Jan 28, 2020 Updated: Jul 6 at 8:29AM Checked: Jul 21 at 1:23PM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• Ideal location inside the McCarran Avenue ring.
• Zoning allows for multifamily housing (MF30 and MU).
• Large 10.77‑acre infill site.

Property Analytics

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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.