Spearhead Way Fernley, NV 89408
- Land
- 520.28 lot acres
Current Use by Public Records
- Land
Property Details for 0 Spearhead Way
- Lot size
- 520.28 lot acres
- Property type
- Land
Description
This exceptional 520.28-acre property in Fernley, Nevada, presents a remarkable investment opportunity. Located within city limits and encompassing three parcels (APN: 021-161-17, 021-161-18, and 021-161-19), this land is zoned RR1, allowing for a minimum one-acre parcel size. The current zoning permits the potential development of up to 520 residential homes, with cluster development also a possibility. Furthermore, the zoning accommodates renewable energy production, aligning with current sustainability trends. Strategically situated adjacent to two major developments – the BC Ranch Subdivision and the new Tahoe Reno Industrial Center – Phase II – this location benefits from existing infrastructure and a rapidly growing community. The property's designation as an Opportunity Zone adds further investment appeal. With a total acreage of 520.28 acres and an asking price of $2,650,000, this land offers significant potential for substantial returns. This is a rare chance to acquire a large parcel in a thriving Nevada location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fernley
- County
- Lyon
- State
- Nevada
- Longitude
- -119.093
- Latitude
- 39.6129
