Serpa Pl Fallon, NV 89406
- Land
- 88.88 lot acres
Current Use by Public Records
- Land
Property Details for 0 Serpa Pl
- Lot size
- 88.88 lot acres
- Property type
- Land
Description
This exceptional 88.88-acre residential land parcel in Fallon, Nevada, presents a significant development opportunity. Located in Churchill County, with APN 001-081-14 010-211-098 and address 0 Serpa Place, zip code 89406, this property is zoned RS and offers substantial potential. Currently listed at $6,500,000, the land can be developed in phases, with infrastructure installed separately for each. All utilities are available on-site with sufficient capacity, and wet utilities are accessible on Serpa Lane. The property boasts approximately 88 level acres. This prime location benefits from Fallon's growth, fueled by the Naval Air Station, projected to expand by 36% between 2020 and 2027, and its role as a bedroom community for TRIC. Smaller sections are also available for purchase. One option includes 5.93 acres for $500,000, with a potential lot yield of approximately 20 single-family lots. Another option is a 9-acre parcel for $1,350,000, suitable for multifamily development with a potential yield of around 175 units, assuming an average unit size of 2,000 square feet. This is a rare chance to acquire a large-scale residential development site in a rapidly growing area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fallon
- County
- Churchill
- State
- Nevada
- Longitude
- -118.77
- Latitude
- 39.4822
