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0 Moraine - The Grove - Multifamily Development Site

14.92 Acres of Commercial Land Offered at £2,308,320 in Reno, NV 89503

Investment Highlights

  • Previously approved for 192 units
  • Close to the University of Nevada Reno and Truckee Meadows Community College
  • Perfect for market rate, student, or affordable housing
  • Geotech and environmental reports available

Executive Summary

The project formerly known as The Grove consists of two lots totaling 14.921 acres located in north Reno just north of the University of Nevada Reno and it is also near Truckee Meadows Community College. This location offers a developer opportunity to build apartments near both campuses. The site was previously approved for 192 multifamily units. This could be developed for a variety of housing options (student, market, affordable). Buyer to verify all information.

Property Facts

Price £2,308,320
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
Total Lot Size 14.92 AC
Cross Streets N. Virginia and McCarran Blvd

1 Lot Available

Lot

Price £2,308,320
Price Per AC £154,713
Lot Size 14.92 AC

The property consists of 2 parcels totaling 14.92 acres. .

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 003-130-33
  • 003-050-02
Land Assessment
£422,838
Improvements Assessment
£0
Total Assessment
£422,838

zoning

Zoning Code GC
GC
  • Listing ID: 32256182

  • Date on Market: 26/06/2024

  • Last Updated:

  • Address: 0 Moraine, Reno, NV 89503

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