3305 Pyramid Way Sparks, NV 89431

This exceptional 1.69-acre property in Sparks, Nevada, presents a compelling multifamily development opportunity. Located at 3305 Pyramid Way, near the intersection of McCarran Boulevard and Pyramid Highway, this fee-simple land boasts a highly desirable location with multiple access points. Currently zoned SF-15, the City of Sparks has expressed interest in multifamily development at this site, making it an attractive investment. The flat topography simplifies construction, and the existing short-term residential leases on two homes on the property offer immediate income potential. The property's proximity to major retailers, grocery stores, and parks further enhances its appeal. This infill parcel is a rare find in this submarket, where most undeveloped land is either under Bureau of Land Management control or occupied by existing development. With a population of nearly 120,000 residents within a 3-mile radius, a new development would benefit from an established customer base. Northern Nevada's robust economy, fueled by growth in technology, manufacturing, and other sectors, makes this a particularly strong investment. Offered at $1,836,000, this property provides a significant opportunity for substantial returns. The APN is 027-131-04 & 027-131-05. The land value is $24.94 per square foot.