5070 Mayberry Dr Reno, NV 89519
This exceptional 3.21-acre commercial lot, located at 5070 Mayberry Dr in Reno, Nevada (APN 00911116), presents a unique investment opportunity. Priced at $155,000 ($48,286.60/acre), this long, narrow parcel boasts frontage on Mayberry Drive in southwest Reno's desirable area. The property's zoning allows for a duplex with an administrative permit, and a detached accessory dwelling unit (ADU) is permitted by right, offering the potential for up to three residential units. This advantageous location places the property in close proximity to downtown Reno, offering easy access to fine dining establishments, highly-rated schools, and abundant shopping options. Adding to its versatility, the zoning also accommodates horses, making it suitable for a variety of development scenarios. The property's convenient location and flexible zoning regulations make it an attractive prospect for developers and investors seeking a prime location in a thriving Reno neighborhood. The zip code is 89519, and the property is situated in Washoe County. This is a rare opportunity to acquire a sizable parcel of land in a highly sought-after area of Reno.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.