0 Spearhead Way Reno, NV 89506
This exceptional 8.76-acre property in Reno, Nevada, presents a remarkable investment opportunity. Located in the desirable Panther Valley area, this sloped land boasts stunning views and convenient access to Panther Valley Road and US395. Zoned SF8 64% / PGOS 36%, it allows for a 33-home cluster development, leaving over 3 acres of open space. The strategic location within Reno's thriving market makes this a versatile canvas for various real estate ventures. The property's address is 0 SPEARHEAD, Reno, NV 89506. The lease expires September 24, 2025. This prime land offers a unique blend of residential and commercial potential, making it an ideal investment for developers seeking a high-growth area with significant development possibilities. The asking price is $2,390,000. The property's unique zoning and expansive size provide a rare opportunity to create a thriving community while preserving a significant portion of natural open space. This is a truly exceptional opportunity to capitalize on Reno's robust real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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