434 Highland Ave Reno, NV 89512
- Commercial real estate
- 3.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 434 Highland Ave
- Lot size
- 3.62 lot acres
- Property type
- Commercial real estate
- APN
- 007-083-60
Description
This exceptional 3.619-acre land parcel in Reno, Nevada (APN 007-083-60), is zoned MF30 and offers a fully permitted, high-density student housing development opportunity. Located a half-block from the University of Nevada, Reno (UNR), this shovel-ready project includes approved plans for 268 units totaling 945 beds. The assemblage of 11 prior parcels boasts completed design and inspections, ensuring a seamless transition to construction. Importantly, building permits were secured prior to recent zoning changes that are expected to prevent future high-density student housing projects of this scale near the university. This presents a unique value-added opportunity with significant potential for high returns. UNR's enrollment is projected to reach 25,000 students by 2030, creating strong demand for student housing. The property's location within a Qualified Opportunity Zone provides additional investment incentives. The asking price is $18,500,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.80970760147
- Latitude
- 39.54007917552
