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- LoopNet Team
Highland
Reno, NV 89512
UNR Student Housing Development Assemblage · Land For Sale
·
3.68 AC
Investment Highlights
- Property is located on the immediate southeast side of UNR. This is a "Shovel Ready Permied Project".
- The close walking distance and exisng building permit creates a great value add to this site.
- The property is located in a qualified "Opportunity Zone".
- The enrollment of UNR is expected to reach 23,000 students by 2025, and 25,000 students by 2030.
- This property is an assemblage of 11 prior parcels. Includes design, and inspections, permitted for 268 units consisting of 945 total beds
- Recent zoning changes will likely prevent addional high-density student housing projects like this, near the University.
Property Facts
Description
Johnson Group Commercial Real Estate is thrilled to present an exceptional opportunity in the dynamic realm of Student Housing Development. Our offering is a meticulously planned and fully permitted high-value project, poised for immediate construction. The project stands shovel-ready, equipped with all necessary components, from property inspections to approved drawings, promising a seamless transition from vision to reality. The strategic location of this project serves as a key advantage. Nestled in a Business Opportunity Zone and positioned within a mere half-block from the University of Nevada, Reno (UNR), this venture benefits from being granted building permits before recent zoning changes in the area. Consequently, this unique circumstance ensures that there will be no future Student Housing Projects with such high-density occupancy, presenting investors with an extraordinary value-added opportunity and the potential for an exceptionally high rate of return. For those unfamiliar with UNR, it is a Tier-1 University experiencing significant growth, currently boasting a student body of approximately 23,000, with projections indicating an increase to 25,000 soon. With Johnson Group Commercial Real Estate, you have the chance to invest in a project perfectly positioned to cater to the evolving needs of this expanding student population. Join us in seizing this rare opportunity at the intersection of strategic planning, prime location, and the potential for lucrative returns.
