350 N Park St Reno, NV 89512
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUID 67% / MU 33% · Reno, NVReno. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.