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0 Legends Bay Drive - Legends Bay Drive 9.19 Acres of Commercial Land Offered at $9,190,000 in Sparks, NV 89434

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INVESTMENT HIGHLIGHTS

  • 9.19 acre development site within Legends at Sparks Marina
  • 10.3 Million annual visitors to Legends at Sparks Marina
  • High occupancy neighboring hotels
  • SFR, Apartment, Hotel, Retail/Hospitality, Mixed-use
  • Neighboring Apartments at +/- 95% occupancy
  • 85,000 cars combined ADT

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $9,190,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Apartment Units
  • Hotel
  • Single Family Residence
Total Lot Size 9.19 AC
Opportunity Zone Yes
Zoning MUD - Mixed Use Commercial within a Major Activity Center

1 LOT AVAILABLE

Lot

Price $9,190,000
Price Per AC $1,000,000.00
Lot Size 9.19 AC

9.19 acre site within Legends at Sparks Marina, a highly desirable Regional Entertainment and Hospitality district with over 10M annual visitors. SFR, Apartment, Hotel, Retail possible to serve heavy commuter traffic to Tahoe Reno Industrial Center.

DESCRIPTION

Compelling development opportunity within the Legends at Sparks Marina, a highly desirable regional hospitality and entertainment district with over 10.3MM annual visitors. Ideal location to serve strong commuter demand from Tahoe Reno Industrial Center, (11MM SF of built manufacturing and distribution), just 13 minutes east of site. Potential for Hotel, SFR, Apartment or Retail/Hospitality. Expired conditional user permit was approved for 124 apartment units and 124 Townhomes, 247 total residential units.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
037-031-18
Land Assessment
$1,050,830
Improvements Assessment
$95
Total Assessment
$1,050,924
  • Listing ID: 33565308

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 0 Legends Bay Drive, Sparks, NV 89434

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