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1955 Coleman Rd - Riverstone Apartments 31 Acres of Residential Land Offered at $5,500,000 in Fallon, NV 89406
Investment Highlights
- Rare, large fully entitled development site in a growing market
- Strong Regional Job Growth from Port of Nevada, Tesla, Panasonic
- Development Ready Site. All utilities to site; development studies completed.
- Situated near major employment centers including Fallon Naval Base, home of Top Gun
- Proximity to major transportation corridor
Executive Summary
Riverstone Apartments development is a 444-unit development opportunity consisting of a 31-acre site located just north of Coleman Road. The project is entitled for a garden style apartment community featuring 17 three-story buildings, a clubhouse with a gym and a leasing office. Additional amenities would include children’s playground, a network of recreation trails and open space, a dog park, and a swimming pool, among others.
The property could alternatively be developed into a single-family community due to tight housing availability but will require City’s approval. Churchill County is facing a severe housing shortage within an area projected for strong economic development and a significant increase in job opportunities. This project will satisfy the strong need for apartment housing in the area.
The property could alternatively be developed into a single-family community due to tight housing availability but will require City’s approval. Churchill County is facing a severe housing shortage within an area projected for strong economic development and a significant increase in job opportunities. This project will satisfy the strong need for apartment housing in the area.
Property Facts
| Price | $5,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 31.00 AC |
| Property Type | Land | ||
| Zoning | R3 - Intensive Multi-Family Residential District | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 31.00 AC |
| Zoning | R3 - Intensive Multi-Family Residential District |
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 31.00 AC |
| Price Per AC | $177,419.35 |
| Price | $5,500,000 |
| Price Per AC | $177,419.35 |
| Lot Size | 31.00 AC |
1 1
Property Taxes
| Parcel Number | 010-611-53 | Improvements Assessment | $0 |
| Land Assessment | $21,000 | Total Assessment | $21,000 |
Property Taxes
Parcel Number
010-611-53
Land Assessment
$21,000
Improvements Assessment
$0
Total Assessment
$21,000
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1955 Coleman Rd - Riverstone Apartments
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