Fernley Townhome Development
For Sale
Contact for pricing
Fernwood Dr, Fernley, NV 89408
7.08-acre townhome development site in Fernley, Nevada.
Property SizeContact for details
Lot Size7.08 Acres
Days on Market1202
Property Features for Fernwood Dr
General Information
Standard status
Active
Lot size
7.08 Acres
Property subtype
Land
Zoning
MDR14
Listing Agency:
CBRE - Reno
(775) 823-6983
Listed By:
Aiman Noursoultanova · License #NV 0049721
Source:
Crexi
Added: May 16, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Reno
Investment Insights
Based on property information with market context.
This is a proposed ±7.08-acre townhome development site located in the City of Fernley, Nevada. The site is entitled for a 52-unit townhome development with three designated common areas. Each duplex lot is split with separate APN’s and utilities. Entitlements were finalized in 2022. The final map has been submitted, but not yet recorded, and will be subject to Buyer approval. The property is adjacent to Sherwood Village, a proposed 316-unit apartment community. The subject site is surrounded by existing medium-density sub-division developments, including Eagle Nest Subdivision to the north, Sandia Manor Subdivision to the east, and Fernwood Estates Subdivision III to the south. The property is situated less than a mile from Interstate 80 and near major retailers like Raley’s, Wal-Mart, and Lowe’s. It is surrounded by residential developments and close to significant employment centers, including the Tahoe Reno Industrial Center and the new Victory Logistics Center. The City of Fernley is a rapidly growing community within the Reno–Sparks metropolitan area and is expected to experience significant freight volume growth.
Key Highlights
- Entitled for a 52‑unit townhome development with flexible exit strategies.
- Seller financing is possible.
- Located in Fernley, Nevada, a rapidly growing community within the Reno‑Sparks area.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 89408, NV
23,201
Population
9,039
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
91%
High-School Grad
464.1 sq mi
ZIP Area
50
Density / Sq Mi
$87,723
Median Household Income
$46,808
Median Earnings
$1,504
Median Rent
$352,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - 7.08-acre townhome development site in Fernley, Nevada.
Where is this residential land & home lot located?
The property is located at Fernwood Dr Fernley, NV.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Entitled for a 52‑unit townhome development with flexible exit strategies.; Seller financing is possible.; Located in Fernley, Nevada, a rapidly growing community within the Reno‑Sparks area.
