For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

Fernwood Dr Fernley, NV 89408

Loading data...
Loading data...
Loading data...
For Sale
Contact for pricing

52-unit, fully entitled land, prime location.

Property Features for 0 Fernwood Dr

General Information

Property type
Land
Lot Size
308,405 SF

We can help!

Listing Contact
Aiman Noursoultanova
Aiman Noursoultanova

Listing Agent: Aiman Noursoultanova

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

Learn more


Overview

This exceptional 7.08-acre parcel in Fernley, Nevada, presents a prime opportunity for a 52-unit townhome development. The property is fully entitled for a build-to-rent community or for-sale units, offering flexible exit strategies. Each unit will have individual water, electricity, and gas metering, enhancing investment potential. Located in an Opportunity Zone, this development benefits from significant tax advantages. The site enjoys convenient access to major transportation corridors, including Interstate 80, US Highway 50, and US Highway 95 Alt, placing it near key employment centers like the Tahoe Reno Industrial Center and Victory Logistics Center. The tentative subdivision map has been approved, and the Civil Improvement Permit (CIP) is under review, with a Final Map expected soon. The property's location near existing residential developments and major retailers like Raley's, Walmart, and Lowe's further enhances its appeal. Fernley's strategic position as a growing distribution and manufacturing hub, coupled with high demand for rental units and rising home prices (July 2024 median sales price for existing single-family residences in Lyon County was $414,995), makes this a compelling investment. The property is situated less than a mile from Interstate 80, off Fremont Street, directly west of Fernley's main commercial corridor, and adjacent to a proposed 316-unit apartment community. This location offers proximity to Fernley's 50-acre Out of Town Park. The APN is 020-516-06, and the permitted zoning is MDR14. Seller financing may be available.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Fernley
County
Lyon
State
Nevada
Longitude
-119.23123600494
Latitude
39.610036793321

FAQs

What type of property is this?
Land - 52-unit, fully entitled land, prime location.
Where is this land 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: 52-unit townhome development opportunity, fully entitled, in a high-growth market. Build-to-rent or for-sale potential.; Opportunity Zone location offering significant tax advantages in a rapidly expanding, affordable market.; Individually parceled units allow flexible exit strategies; individual utility metering.
(775) 823-6983 Call to check price and availability
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message