0 Venice Dr Patrick, NV 89434
This exceptional 15.01-acre property, situated in the thriving Tahoe Reno Industrial Center (TRIC), presents a unique investment opportunity. The land boasts 500 acre-feet of water rights, a significant asset in this rapidly growing region. Four parcels comprise this offering, with APNs 005-101-40, 005-101-39, 005-051-30, and 005-051-34. Conveniently located near the intersection of USA Parkway and Venice Drive, the property enjoys excellent visibility and accessibility. Its prime location borders Town Center Lake, offering scenic views and a desirable environment. The property is zoned I2 and C, allowing for diverse commercial and industrial development options. Located in Storey County, Nevada, a business-friendly environment with no state income or corporate tax, this area is also a qualified Opportunity Zone. The property's proximity to Reno (20 minutes) and Lake Tahoe (45 minutes) provides unparalleled access to a robust workforce and recreational amenities. This strategic location within TRIC places the property amongst established businesses such as Tesla, Switch, Google, Apple, and many more, creating a dynamic and thriving business community. The seller is open to selling the entire parcel or individual portions. Water rights are priced at $35,000 per acre-foot, and land is priced at $12.50 per square foot.
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
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