0 California Ave Reno, NV 89509

This exceptional 1.12-acre development site in Reno, Nevada, presents a unique redevelopment opportunity. Located at 0 California Ave, this vacant property boasts 33,000 square feet and includes two existing buildings. The site is fully entitled for a 16-unit luxury townhome development, with preliminary plans available. Approved entitlements include a zoning change permitting up to 20 residential units, a tentative map for 16 units, and a special use permit for grading exceeding 20 feet in depth. The property is zoned MF-30 & MF-14, allowing for a single-family residential attached development. Conveniently located just half a mile from downtown Reno's vibrant nightlife and restaurants, it also offers walkability to a drug store, cleaners, Idlewild Park, and Reno High School. A brand-new bike path and sidewalk enhance connectivity to the city center. Area comparables are selling at over $350 per square foot, indicating strong potential return on investment. The sellers are open to a joint venture arrangement with qualified buyers. This infill project presents a rare opportunity in a highly desirable location.