590 Pyramid WaySparks, NV 89431

Property Details for 590 Pyramid Way

Year built

1968

Construction

WOOD FRAME

Lot size

0.43 AC

Property size (Sq ft)

11,564 SF

Zone code

MUD

Property type

Land

Property subtype

Commercial land

APN

033-241-01

APU

3324101

Description

This exceptional 0.91-acre land parcel in Sparks, Nevada, presents a remarkable opportunity for a 108-unit multifamily development. The property, encompassing two parcels (APN: 033-241-01, 032-152-16), is zoned MUD, allowing for multifamily, retail, and office uses. A fully engineered, permit-ready plan set is included, detailing two four-story buildings with 124 secured parking spaces. All utilities are available on-site, complemented by 3 acre-feet of water rights and sewer fee credits. The prime location in Sparks offers easy access to major thoroughfares, including I-80 and US 395, providing seamless connectivity to surrounding areas such as the University of Nevada, Tahoe-Reno Industrial Center, and Lake Tahoe. Residents will enjoy proximity to Victorian Square, the Sparks Marina, The Outlets at Legends, and various local events. The asking price is $1,975,000, with a land value of $49.82 per square foot. This development site represents a compelling investment opportunity in a thriving Nevada community. The addresses included are 590 and 531 Pyramid Way, Sparks, NV 89431.

• Alternative Use

  Use

  Valuation

  Residential

  $1,989,279

  Hospitality

  $1,822,169

  Educational

  $1,516,023

  Medical

  $1,568,161

  Retail

  $2,358,258

Location Insight

City

Sparks

County

Washoe

State

Nevada

Latitude

39.5386

Longitude

-119.753

CBSA code

39900

CBSA name

RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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