1378 Hwy Gardnerville, NV 89410
This exceptional 1.66-acre commercial land parcel presents a remarkable investment opportunity in Gardnerville, Nevada. Strategically located on Highway 395, this property boasts convenient access and high visibility. The lot features paved/concrete roads, city/county sewer and water connections already in place, and underground electricity. With a total area of 72,310 square feet, the property is zoned for both Commercial and Multi-Family use, offering significant development flexibility. Currently vacant, this land is ideal for a variety of projects. The seller is actively pursuing permits for an 8,000 square foot commercial building and a 15-unit apartment townhouse complex. While the asking price of $750,000 excludes plans and permits, the seller is willing to consider an increased price of $1,100,000 with the permits and approvals for the aforementioned project secured. This prime location in Douglas County, Nevada (zip code 89410), offers unparalleled potential for both commercial and residential development. The APN is 122004101029. Contact us today to explore the possibilities.
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.