261S Riv Vw Rd Reno, NV 89521
This exceptional 39.84-acre commercial land parcel presents a unique investment opportunity in Virginia City, Nevada. Located at 261S River View Road, zip code 89521, the property boasts an attractive asking price of $60,000, translating to approximately $1,506.02 per acre. The land is zoned E40VR, offering considerable development potential for a variety of commercial ventures. Its strategic location in Storey County, near Reno, provides excellent access to transportation routes and a thriving regional economy. The property's expansive size allows for significant flexibility in development plans, catering to large-scale projects or the potential for subdivision. The APN is 00427135. This is a rare chance to acquire a substantial commercial land holding in a desirable Nevada location. The property's size and zoning make it suitable for a wide range of commercial uses, subject to local regulations and permitting. Prospective buyers are encouraged to conduct their own due diligence to confirm suitability for their intended purpose. This prime acreage presents a compelling investment opportunity with significant upside potential. Detailed information regarding zoning regulations and permitted uses is readily available through the relevant Storey County authorities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.