Mica Pl Reno, NV 89503
- Land
- 14.92 lot acres
Current Use by Public Records
- Land
Property Details for 0 Mica Pl
- Lot size
- 14.92 lot acres
- Property type
- Land
Description
This exceptional 14.92-acre land parcel in Reno, Nevada, presents a prime opportunity for multifamily development. Located in Washoe County, near the University of Nevada Reno and Truckee Meadows Community College, this property boasts a highly desirable location with strong potential for student, market-rate, or affordable housing. The site, previously known as The Grove, has already received approval for 192 multifamily units, significantly streamlining the development process. The property's APN is 003-050-02, and it's zoned GC, making it ideally suited for residential construction. Detailed geotechnical and environmental reports are available for review, providing comprehensive due diligence information. The asking price for this exceptional development opportunity is $2,880,000. Buyers are responsible for verifying all information. This is a rare chance to acquire a large, well-situated parcel with pre-approved plans, offering significant potential for substantial returns. The address is Mica Pl, Reno, NV 89503. The property's convenient location near two major educational institutions ensures high demand and strong rental potential. This is a truly unique opportunity for investors seeking a high-impact project in a thriving Nevada market.
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
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.829
- Latitude
- 39.5589
