Wells Avenue Multifamily Development
For Sale
Contact for pricing
N Wells Ave, Reno, NV 89512
10.77 acres suitable for multifamily housing development.
Property SizeContact for details
Lot Size10.77 Acres
Days on Market2425
Property Features for N Wells Ave
General Information
Standard status
Active
Lot size
10.77 Acres
Property subtype
Land
Zoning
MF30 & MU
Listing Agency:
Avison Young - Reno
Listed By:
Reed Simmons · License #NV 0012512
(775) 332-7310
Source:
Crexi
Added: Jan 28, 2020
Changed: Sep 3
Last Checked: Sep 16 at 12:52PM
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 Avison Young - Reno
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
Current Use
Location Intelligence
Trade Area within ½ mile
3,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 89512, NV
30,148
Population
12,374
Households
2.4
Avg Household Size
30
Median Age
18%
College-Educated
76%
High-School Grad
6.2 sq mi
ZIP Area
4,863
Density / Sq Mi
$45,284
Median Household Income
$34,587
Median Earnings
$1,113
Median Rent
$318,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
