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0 Lamoille Hwy Spring Creek, NV 89801

OFF-MARKET Land Google Maps
39.86 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 39.86-acre property in Elko, Nevada, presents a unique investment opportunity. Located on Lamoille Highway/South 5th Street, this land boasts prime visibility and accessibility. The property is zoned C1, R1, and R2, allowing for a diverse range of commercial and residential uses. The front section features commercial zoning, ideal for businesses seeking high-traffic exposure. The rear portion is zoned for manufactured homes, providing potential for residential development. Utilities are conveniently located adjacent to the property, simplifying development. The seller is proactively dedicating a portion of 9th Street to the City of Elko, further enhancing the property's value and potential. This versatile land parcel offers significant upside for both commercial and residential ventures, making it an attractive investment for entrepreneurs and developers alike. The property's APN is 001-740-011. This is a rare opportunity to acquire a large parcel of land with dual zoning in a desirable location. The asking price is $800,000.

Property profile

Verified
Property type Land
Lot 39.86 ac (1,736,302 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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