3200 Opal AveSilver Springs, NV 89429

Property Details for 3200 Opal Ave

Lot size

29.03 AC

Zone code

EMU

Property type

Land

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $288,844,160

  Hospitality

  $264,579,712

  Educational

  $220,127,216

  Medical

  $227,697,728

  Retail

  $342,420,096

Location Insight

City

Silver Springs

County

Lyon

State

Nevada

Latitude

39.4031

Longitude

-119.266

CBSA code

22280

CBSA name

FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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