Old Reno Hwy Fernley, NV 89408
- Land
- 427.14 lot acres
Current Use by Public Records
- Land
Property Details for 0 Old Reno Hwy
- Lot size
- 427.14 lot acres
- Property type
- Land
- Property subtype
- Solar farms
Description
This exceptional 427.14-acre land parcel in Fernley, Nevada, presents a compelling investment opportunity for large-scale solar energy development. Located just off Old Reno Highway in Lyon County (zip code 89408), this property boasts significant advantages for solar projects. The land is zoned General Rural (GR) and encompasses APNs 021-40-11 through 021-40-21. The US Department of Energy rates solar energy potential at 550 watt-hours/sf/day. Crucially, Los Angeles Department of Water & Power HVDC transmission lines run directly through the property, minimizing transmission costs and complexities. Nearby NV Energy distribution lines further enhance the site's viability. The property also features a geothermal monitor well, suggesting potential for additional energy development. The topography is generally level to gently rolling hills (10-20 feet high). The property includes 22 acre-feet of water rights and enjoys 79% sunshine and 252 sunny days annually. This offering presents a unique opportunity to capitalize on Nevada's abundant solar resources and robust energy infrastructure. The asking price is $1,800,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fernley
- County
- Lyon
- State
- Nevada
- Longitude
- -119.095
- Latitude
- 39.554
