350 N Park St Reno, NV 89512
- Investment properties
- 900 SF
- 0.84 lot acres
Current Use by Public Records
- Investment properties
Property Details for 350 N Park St
- Year built
- 1950
- Construction
- METAL FRAME
- Lot size
- 0.84 lot acres
- Property size
- 900 SF
- Zone code
- MUID 67% / MU 33%
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 008-246-09
- APU
- 824609
Description
This exceptional 36,454 square foot lot, located at 350 N Park St, Reno, NV 89512 (APN 008-246-09), presents a unique multifamily and mixed-use development opportunity in the heart of downtown Reno. The property is zoned MU, allowing for a variety of commercial and residential uses. Its prime location offers easy access to public transportation, parks, cultural attractions, and the University of Nevada, Reno. The site's zoning and location are ideal for high- or mid-rise multifamily residential construction, with "Four or Five Story over Podium Garage" designs being particularly suitable for this area. The asking price is $1,531,068, representing a land value of $42 per square foot. Seller financing options are available, making this an attractive investment opportunity for developers seeking a prime location in a thriving urban environment. This infill development site offers significant potential for creating a vibrant and valuable addition to the Reno cityscape. The Washoe County location provides access to a robust infrastructure and a growing population. This is a rare chance to acquire a substantial parcel in a highly desirable downtown area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reno
- County
- Washoe
- State
- Nevada
- Longitude
- -119.803
- Latitude
- 39.5312
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA
