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- LoopNet Team
2685 Casey Rd
Fallon, NV 89406
Old Stone Ranch - 107.2 Acres · Land For Sale
·
107.20 AC
INVESTMENT HIGHLIGHTS
- Path of progress site in area in need of housing
- Growing Fallon employment opportunities from Fallon Naval Air Station and agricultural farming
- Approved for 101 detached single family sites, 108 attached single family sites, 408 apartment units
- Short commute to Tahoe Reno Industrial Center and Victory Logistics District
PROPERTY FACTS
DESCRIPTION
According to the state demographer and the Churchill Fallon Economic development group, the city of Fallon and Churchill County are projected to grow by 5%. However, those projections came out before Naval Air Station Fallon announced they would be adding 1,450 new jobs by 2025. Needless to say, the area is primed for significant growth.There is a huge need for multifamily apartments in the Churchill/Fallon. Apartment rents of $1,200 to $1,400/mo should be achievable with great demand and little availability. It’s been about 30 years since a new apartment complex was built, so the area is ripe for new projects. Contact CFED for multi-family sites in the region.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $440,351 | Total Assessment | $440,351 |
PROPERTY TAXES
