208 University Ter Reno, NV 89503
- Commercial real estate
- 1,230 SF
Current Use by Public Records
- Commercial real estate
Property Details for 208 University Ter
- Property size
- 1,230 SF
- Property type
- Commercial real estate
Description
This exceptional 19,035 sq ft lot at 208 University Terrace in Reno, Nevada (zip code 89503) presents a prime development opportunity. Currently featuring a single-family home, the property's highest and best use is multifamily development, ideally suited for apartments or student housing. Zoned MF30, this 1,230 sq ft site boasts a coveted location, offering unparalleled proximity to the University of Nevada, Reno campus and its ongoing $200 million expansion project. Its strategic position above downtown Reno provides breathtaking views of the High Sierra Mountains and places it within walking distance of the university, sorority houses, apartments, and retail establishments. The property's elevated location ensures maximum desirability and offers an exceptional investment opportunity. The asking price is $1,237,000. This is a rare chance to capitalize on the vibrant Reno market and the strong demand for housing near the university. Don't miss this chance to acquire a truly unique development site in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.8191111
- Latitude
- 39.5352891
