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600 W Main St
Fernley, NV 89408
600 W Main Street · Land For Sale
·
0.52 AC
INVESTMENT HIGHLIGHTS
- Rare, fully entitled development site in rapidly expanding Fernley, Nevada, an affordable location near Reno/Sparks.
- Located an Opportunity Zone, offering significant tax advantages.
- Strong regional strong job growth, with numerous company relocations and expansions in recent years, adding thousands of jobs at a high average wage.
- Located near major employment centers, including the Tahoe Reno Industrial Center, Victory Logistics District, Nevada Commerce Center, and more.
- Excellent transportation access, being near I-80, US-50, and US-95 Alt. Just 30 miles from Reno/Sparks and 15 miles from Fallon Naval Air Station.
- Development-ready site, with all utilities and completed studies.
EXECUTIVE SUMMARY
CBRE is pleased to present for sale 600 W. Main, a rare, a fully entitled, ±28.42 acre mixed-use development site consisting of a 276-unit garden style apartment community and various additional commercial parcels slated for office and retail uses. Alternatively, the entitlements could be modified to reduce the commercial acreage and increase multifamily unit count to 340 units.
Located right off of Interstate 80 and adjacent to existing, under construction, and planned employment centers. The 107,000-acre Tahoe Reno Industrial Center is located just 15 miles west of the site; the new 78-acre Nevada Commerce Center by Buzz Oates, as well as a new 446,940 sq. ft industrial project by Mohr Capital are located within a mile. The 4,300-acre Victory Logistics District, master planned by Mark IV Capital, is also just to the northeast. Additionally, immediately to the south of the site is the planned Red Hawk Ranch subdivision, which will feature 282 homes in Phase 1, and an additional 282 duet units at the adjacent Duets at Red Rock.
The property can be developed all at once, or in part. Conversely, the parcels could be acquired all or in part providing the utmost flexibility for a prospective investor. With all utilities to site and development studies completed, construction can begin promptly. Hydrologic CLOMR has been approved. Hydraulic is in process with an estimated completion of 90 days.
Current market conditions and the flexibility of existing zoning put the property in a prime position for development. The Fernley and Lyon County markets are short on housing due to the rapid influx of sizeable industrial developments and employment centers in the area. Demand for denser housing, office, and retail space in the area is growing with the expansion of numerous manufacturing facilities, large distribution centers as well as the U.S. Top Gun/Naval Base in nearby Fallon.
Located right off of Interstate 80 and adjacent to existing, under construction, and planned employment centers. The 107,000-acre Tahoe Reno Industrial Center is located just 15 miles west of the site; the new 78-acre Nevada Commerce Center by Buzz Oates, as well as a new 446,940 sq. ft industrial project by Mohr Capital are located within a mile. The 4,300-acre Victory Logistics District, master planned by Mark IV Capital, is also just to the northeast. Additionally, immediately to the south of the site is the planned Red Hawk Ranch subdivision, which will feature 282 homes in Phase 1, and an additional 282 duet units at the adjacent Duets at Red Rock.
The property can be developed all at once, or in part. Conversely, the parcels could be acquired all or in part providing the utmost flexibility for a prospective investor. With all utilities to site and development studies completed, construction can begin promptly. Hydrologic CLOMR has been approved. Hydraulic is in process with an estimated completion of 90 days.
Current market conditions and the flexibility of existing zoning put the property in a prime position for development. The Fernley and Lyon County markets are short on housing due to the rapid influx of sizeable industrial developments and employment centers in the area. Demand for denser housing, office, and retail space in the area is growing with the expansion of numerous manufacturing facilities, large distribution centers as well as the U.S. Top Gun/Naval Base in nearby Fallon.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.52 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | Mixed Use - Mixed Use | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.52 AC |
| Opportunity Zone |
Yes |
| Zoning | Mixed Use - Mixed Use |
1 LOT AVAILABLE
Lot
| Lot Size | 0.52 AC |
| Lot Size | 0.52 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $480,858 | Total Assessment | $480,858 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$480,858
Improvements Assessment
$0
Total Assessment
$480,858
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