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    OFF-MARKET
    Land

    0 Lamoille Hwy, Spring Creek, NV 89801

    39.86 ac lot
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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