3200 Opal Ave Silver Springs, NV 89429
- Commercial land
- 29.03 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3200 Opal Ave
- Lot size
- 29.03 lot acres
- Zone code
- EMU
- Property type
- Commercial land
- APN
- 015-181-03
- APU
- 1518103
Description
This exceptional 10-acre parcel, located at 3200 Opal Ave, Silver Springs, NV 89429 (APN 015-181-01), presents a remarkable opportunity for multifamily development. Priced at $3,500,000, this land offers significant potential within a rapidly growing area. Situated 39 miles east and south of Reno, the property benefits from its proximity to major transportation arteries and established amenities. The site is planned for MF30 zoning, allowing for a high-density residential project with up to 30 units per acre. Included in the offering are 70 acre-feet of dedicated water rights, ensuring ample resources for future construction. Comprehensive due diligence materials are available, including an ALTA survey, traffic report, verification of public utilities, and a title report. The property's strategic location near the burgeoning Victory Logistic District, a 4,300-acre master-planned industrial development, and the proximity to Reno-Fernley Raceway further enhances its investment appeal. The area also boasts new commercial developments, including a Circle K gas station and a Travel America Truck Stop, indicating strong growth and demand. This prime location offers investors a unique chance to capitalize on the expanding Silver Springs market, a sub-market of the Reno, Sparks, Fernley metropolitan area.
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
- Silver Springs
- County
- Lyon
- State
- Nevada
- Longitude
- -119.266
- Latitude
- 39.4031
- CBSA code
- 22280
- CBSA name
- FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
