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    350 Park St Reno, NV 89512

    Sponsored
    For Sale
    $1,531,068

    Prime Reno development site; seller financing available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 36,454 square foot lot, located at 350 N Park St, Reno, NV 89512 (APN 008-246-09), presents a unique multifamily and mixed-use development opportunity in the heart of downtown Reno. The property is zoned MU, allowing for a variety of commercial and residential uses. Its prime location offers easy access to public transportation, parks, cultural attractions, and the University of Nevada, Reno. The site's zoning and location are ideal for high- or mid-rise multifamily residential construction, with "Four or Five Story over Podium Garage" designs being particularly suitable for this area. The asking price is $1,531,068, representing a land value of $42 per square foot. Seller financing options are available, making this an attractive investment opportunity for developers seeking a prime location in a thriving urban environment. This infill development site offers significant potential for creating a vibrant and valuable addition to the Reno cityscape. The Washoe County location provides access to a robust infrastructure and a growing population. This is a rare chance to acquire a substantial parcel in a highly desirable downtown area.

    Property Features for 350 Park St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $1,531,068 asking price.
    • 36,454 sq ft lot size.
    • $42/SF land value.
    • Mixed‑use (MU) zoning permits multifamily and commercial uses.
    • Located in Downtown Reno, NV at 350 N Park St, APN 008‑246‑09.
    • Seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.8035553
    Latitude
    39.5309915

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    FAQs

    What type of property is this?
    Multifamily property - Prime Reno development site; seller financing available.
    Where is this multifamily property located?
    The property is located at 350 Park St Reno, NV.
    What is the asking price?
    The asking price for this property is $1,531,068.
    What are key features of this property?
    This property features: $1,531,068 asking price.; 36,454 sq ft lot size.; $42/SF land value.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    350 Park St Reno, NV 89512
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