1151 Valley Rd Reno, NV 89512
- Commercial real estate
Current Use by Public Records
- Trippy little farm / Bicycle Shop / Bicycle Repair Shop
- Bicycle Service Centers / Bicycle Repair Shop / Bicycle Shop
Property Details for 1151 Valley Rd
- Property type
- Commercial real estate
- APN
- 007-083-41
Description
This exceptional 9,124 square foot lot presents a unique investment opportunity in Reno, Nevada. Located at 1151 Valley Rd, 89512, this property is zoned MF30, permitting multi-family development. Its prime location near the University of Nevada makes it perfectly suited for student housing, capitalizing on projected enrollment growth to 23,000 students by 2025 and 25,000 by 2030. The property boasts a corner lot location with convenient access to major arteries. Currently, a residential building and a detached garage are situated on the site. The assessed parcel number (APN) is 007-083-41. While the projected land market price is $80.00 per square foot, the seller is willing to consider a lower price for a swift transaction. This presents a compelling opportunity for developers seeking to meet the growing demand for student housing in a thriving university town. The property is being offered at $729,920.
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
- -119.8080209
- Latitude
- 39.5394007
