1678 Virginia St Reno, NV 89512
- Schools
- 2,222 SF
- 0.34 lot acres
Current Use by Public Records
- Schools
Property Details for 1678 Virginia St
- Lot size
- 0.34 lot acres
- Property size
- 2,222 SF
- Property type
- Schools
- Property subtype
- Medical offices
Description
This exceptional 0.34-acre property, located at 1678 N Virginia St in Reno, Nevada, 89512, presents a unique investment opportunity near the University of Nevada, Reno. The property currently features a 2,222 square foot, two-story building, situated in a vibrant area with approximately 24,000 students. The property is vacant and offers significant flexibility for redevelopment or continued use. Zoned MU UNR PF (Public Facilities), permitted uses include, but are not limited to: duplexes, fourplexes, medical facilities, schools, daycare centers, general offices, urban farms, and parking lots. The asking price is $1,575,000, translating to $708.82 per square foot. The property's location within an Opportunity Zone adds further investment appeal. Comparable land sales across the street have ranged from $90 to $103 per square foot, indicating strong potential for future appreciation. This property is ideal for investors seeking a high-growth area with diverse development possibilities. Detailed zoning information is available via the provided link in the original listing. This is a rare chance to acquire a strategically located property with significant upside potential in a thriving university community.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.82149590511
- Latitude
- 39.548812580973
