Log In/Sign Up
Your email has been sent.
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
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1955 Coleman Rd - Riverstone Apartments
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.