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208 University Ter Reno, NV 89503

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For Sale
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Reno Multifamily Land, $1.2M

Property size:
1,230 SF

Property Features for 208 University Ter

General Information

Property type
Multifamily properties
Square Feet
1,230 SF

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Listing Contact
Ryan Johnson, Ccim
Ryan Johnson, Ccim

Listing Agent: Ryan Johnson, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 19,035 sq ft lot at 208 University Terrace in Reno, Nevada (zip code 89503) presents a prime development opportunity. Currently featuring a single-family home, the property's highest and best use is multifamily development, ideally suited for apartments or student housing. Zoned MF30, this 1,230 sq ft site boasts a coveted location, offering unparalleled proximity to the University of Nevada, Reno campus and its ongoing $200 million expansion project. Its strategic position above downtown Reno provides breathtaking views of the High Sierra Mountains and places it within walking distance of the university, sorority houses, apartments, and retail establishments. The property's elevated location ensures maximum desirability and offers an exceptional investment opportunity. The asking price is $1,237,000. This is a rare chance to capitalize on the vibrant Reno market and the strong demand for housing near the university. Don't miss this chance to acquire a truly unique development site in a rapidly growing area.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Reno
County
Washoe
State
Nevada
Longitude
-119.8191111
Latitude
39.5352891

FAQs

What type of property is this?
Multifamily property - Reno Multifamily Land, $1.2M
Where is this multifamily property located?
The property is located at 208 University Ter Reno, NV.
What is the asking price?
The asking price for this property is $1,237,000.
What are key features of this property?
This property features: Overlooks Downtown Reno with breathtaking High Sierra Mountain views.; Prime location near UNR, sorority houses, apartments, and retail.; Situated between UNR and Downtown Reno.
(775) 232-8551 Call to check price and availability
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