800 Venice Dr Patrick, NV 89434
Exceptional 3.43-acre commercial/industrial land parcel in the thriving Tahoe Reno Industrial Center (TRIC) in Sparks, Nevada. Located at 800 Venice Drive, this property boasts I2 and C zoning, allowing for diverse development opportunities. The asking price is $1,867,635, translating to $12.50 per square foot. The land is situated near Town Center Lake and offers convenient access to Reno (20 minutes) and Lake Tahoe (45 minutes). This prime location within Storey County benefits from a business-friendly environment, expedited permitting processes, and the absence of state income and corporate taxes. The property's Qualified Opportunity Zone status presents additional investment advantages. This exceptional site is surrounded by a vibrant community of established businesses, including Tesla, Switch, Google, Apple, and many more, supporting a workforce exceeding 25,000 employees. The property's APN is 005-051-33. This presents a rare opportunity to invest in a rapidly growing area with significant potential for future development and strong returns.
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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