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1330 Gieger Grade Rd 45 Acres of Commercial Land Offered at $39,500,000 in Reno, NV 89521

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INVESTMENT HIGHLIGHTS

  • ±45 Net Acres of fully entitled multi-family/ mixed use land.
  • Utilities to the edge of site.
  • There are 1,105 Units Possible.
  • The property is adjacent to Summit Sierra Outdoor Lifestyle Center.

EXECUTIVE SUMMARY

This mixed use land is located at the center of a regional commercial and residential hub. The views of the surrounding area include the Sierra Nevada Mountain range to the West and the Virginia Mountain range to the East. The site is ideally located at the intersection of South Virginia Street and mount Rose Highway, less than one mile from the interchange of I-580. This freeway exit is the first in Reno from Carson City and Lake Tahoe. The Summit Shopping Center, adjacent to the site, is the closest major retail destination for the residents of Carson City and Lake Tahoe. It is a 601,491 square foot facility completed in 2006 boasting such names as Apple, Dillard's, and Century Theaters. For many of the tenants, the Summit Shopping Center is the first location in the region, which provides a unique draw to this sub-market. In 2018, the long awaited Southeast Connector project was completed. Terminating just to the North of the site, this roadway will complete a major surface arterial connecting South Reno to East Sparks and the numerous employment opportunities in the Tahoe Reno Industrial Center (home to Tesla, Switch, Amazon, Walmart and other major employers).

ATTACHMENTS

Steamboat Flyer

PROPERTY FACTS

Price $39,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 45.00 AC
Zoning MU

1 LOT AVAILABLE

Lot

Price $39,500,000
Price Per AC $877,777.78
Lot Size 45.00 AC

Fully entitled multi-family / mixed use land. Utilities to edge of site. Site at the Terminus of New Southeast Connector. Adjacent to Summit Sierra Outdoor Lifestyle Center. Access to I-580, Steamboat Creek and Regional Shopping.

DESCRIPTION

Reno has a population of over 470,000 with an employment base of over 265,000 people. The Economic Development Authority of Northern Nevada (EDAWN) projects over 50,000 new jobs will be added to the region in the next 5 years.

  • Listing ID: 18128488

  • Date on Market: 1/8/2020

  • Last Updated:

  • Address: 1330 Gieger Grade Rd, Reno, NV 89521

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