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11415 Old Virginia Rd 5.04 Acres of Commercial Land Offered at $4,950,000 in Reno, NV 89521
Investment Highlights
- Exclusive +5 AC commercial land development opportunity in South Reno submarket with level grading on site
- Close Proximity to well-established retail centers such as the high-traffic Walmart anchored SouthTowne Crossing, many major car dealerships, and hosp
- High income area with average household income over $150,000 within a 3-mile radius
- Zoned MS (Mixed-Use Suburban) allowing for a variety of uses including retail, hotel, office, multifamily, self storage, etc.
- Conveniently located within one mile of Interstate 395 (I-580) via Damonte Ranch Pkwy and near Reno's key route, South Virginia Street
Executive Summary
Within very close proximity of the South Virginia Street corridor, Interstate 395, and the high-traffic Southtowne Crossing Shopping Center (anchored by Super Walmart), many nearby established retail centers, car dealerships, medical offices, and schools make this a prime location for a variety of development opportunities.
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Property Facts Under Contract
| Price | $4,950,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 5.04 AC |
| Zoning | MS (Mixed-Use Suburban) - Zoned MS (Mixed-Use Suburban) allowing for a variety of uses including retail, hotel, office, multifamily, self storage, assisted living, medical,etc. | ||
| Price | $4,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 5.04 AC |
| Zoning | MS (Mixed-Use Suburban) - Zoned MS (Mixed-Use Suburban) allowing for a variety of uses including retail, hotel, office, multifamily, self storage, assisted living, medical,etc. |
1 Lot Available
Lot
| Price | $4,950,000 | Lot Size | 5.04 AC |
| Price Per AC | $982,142.86 |
| Price | $4,950,000 |
| Price Per AC | $982,142.86 |
| Lot Size | 5.04 AC |
Sale Price: $4,950,000 Property Type: Prime Commercial Land Sale Type: Investment &/or Development Zoning: MS (Mixed-Use Suburban) Total Acres: 5.04 Total Parcels For Sale: 5 Price Per Acre: $981,364 Price/SF: $22.53 Topography: Flat Elevation
Description
EXECUTIVE SUMMARY The highly developable subject property consists of 5 total acres and is situated just off of the Damonte Ranch Parkway Exit off Highway 580/395 and just East of Reno’s main thoroughfare, South Virginia Street. The subject property is strategically positioned in the area with many national retailers like Walmart, Starbucks, Dotty’s, CVS, O’Reilly’s, AT&T, H&R Block, Super Cuts, Sally’s Beauty Supply, Big O Tires, T-Mobile, UPS Store, Carl’s Jr, Kentucky Fried Chicken, Round Table Pizza, Qdoba, and Firehouse Subs all within a quarter mile of the property. Demographics are very strong and the property lies in a high-income area with an average household income of over $150,000 within a 3-mile radius. There are very high daily traffic counts nearby with many luxury car dealerships such as Mercedes-Benz, BMW, Porsche, Volvo, and Acura in the vicinity. This location would be ideal for any multifamily and commercial development and provides easy access to Incline Village, Mt. Rose, and Lake Tahoe. This property assemblage is formed by 5 contiguous one acre land parcels and currently includes 4 total structures on the site: two principal houses, a large shop area, and a large garage outbuilding. The topography is flat and water rights are included. Contact Chase International today for more information. WASHOE COUNTRY APN’s: PROPERTY TAXES: $12,976.42 (COMBINED) 160-060-15 - 1.0 Acres (43,560 SF) 160-060-17 - 1.002 Acres (43,647 SF) 160-060-18 - 1.005 Acres (43,778 SF) 160-060-22 - 1.037 Acres (45,172 SF) 160-060-21 - 1.0 Acres (43,560 SF) UTILITIES INFRASTRUCTURE Electric Local Municipality (on site) Sewer Local Municipality (on site) Water Local Municipality (on site) Trash Local Municipality (on site) Natural Gas - Local Municipality (Available Adjacent Property) Fiber: Available Adjacent Property
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11415 Old Virginia Rd
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