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590 Pyramid Way - BEAT 2024 IBC PRICE HIKES! 0.9 Acres of Commercial Land Offered at $2,195,000 in Sparks, NV 89431

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Investment Highlights

  • 108-unit multifamily-entitled development site
  • Two parcels totaling 0.91 AC
  • 3 AC-FT Water Rights & Sewer Fee Credits
  • Fully engineered, permit ready plan set
  • All Utilities Available On-Site
  • Zoned MUD - Multifamily, Retail, Office

Executive Summary

KW Commercial is pleased to offer this 108-unit multifamily-entitled development site nestled in the heart of Sparks, NV. The property includes entitled land for the development of two, four-story buildings, with 124 parking spaces in a secured garage. 3 AC-FT of water rights, sewer fee credits, and RTC credits are included. An extensive due diligence file is available, and a fully engineered, permit-ready plan set is included. The MUD zoning and prime location offer a unique opportunity for the planned multi-family development, mixed-use retail, or office.
With close proximity to major thoroughfares and a short walk to the bustling downtown Sparks core, residents can conveniently access Victorian Square entertainment and restaurant venues, as well as Sparks' many renowned events, such as the Rib Cook-Off and Hot August Nights. The Sparks Marina and The Outlets at Legends are just a few minutes away. Proximity to I-80 and U.S. 395 ensures seamless connectivity to surrounding areas, including the University of Nevada, Tahoe-Reno Industrial Center, Lake Tahoe, Fernley, Carson City, and beyond.

Property Facts

Price $2,195,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 0.90 AC
No. Stories 1
Cross Streets F St.
Zoning MUD - MIXED USE DEVELOPMENT, FORMERLY TOD

1 Lot Available

Lot

Price $2,195,000
Price Per AC $2,438,888.89
Lot Size 0.90 AC

The property includes two parcels on heavily trafficked Pyramid Way in central Sparks, NV. The parcels are entitled for the development of two, four-story buildings, with 124 parking spaces in a secured garage.

Description

With close proximity to major thoroughfares and a short walk to the bustling downtown Sparks core, residents can conveniently access Victorian Square entertainment and restaurant venues, as well as Sparks' many renowned events, such as the Rib Cook-Off and Hot August Nights. The Sparks Marina and The Outlets at Legends are just a few minutes away. Proximity to I-80 and U.S. 395 ensures seamless connectivity to surrounding areas, including the University of Nevada, Tahoe-Reno Industrial Center, Lake Tahoe, Fernley, Carson City, and beyond.

Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 033-241-01
  • 032-152-16
Land Assessment
$175,307
Improvements Assessment
$16,647
Total Assessment
$191,954
  • Listing ID: 39718137

  • Date on Market: 3/9/2026

  • Last Updated:

  • Address: 590 Pyramid Way, Sparks, NV 89431

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