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This Land Property is no longer advertised on LoopNet.com.

614 W 5TH ST
Reno, NV 89503
 5th Street Assemblage · Land For Sale · 1.98 AC

Commercial Land Parcels Nevada Reno 614 W 5TH ST, Reno, NV 89503

INVESTMENT HIGHLIGHTS

  • Prime multifamily location in the heart of the new $1.8 Billion dollar Neon Line District.
  • Significant market demand for urban multifamily housing.
  • Average rental rates hit another market record at $1,632 or an increase of 24% quarter over quarter since Q1 2019.
  • Walking distance to downtown amenities and 1 mile from the University of Nevada Reno
  • Market vacancy rates at or under 3% since Q1 2019.

PROPERTY FACTS

Property Type Land Total Lot Size 1.98 AC
Property Subtype Commercial No. Stories 2
Proposed Use
Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Zoning MD-NWQ
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
Total Lot Size 1.98 AC
No. Stories 2
Zoning MD-NWQ

PROPERTY TAXES

Parcel Numbers
Multiple
  • 007-541-05
  • 007-273-29
  • 007-273-05
  • 007-273-02
  • 007-273-04
  • 007-273-01
  • 007-273-22
  • 007-273-03
  • 007-273-21
 Improvements Assessment $41,693
Land Assessment $669,475 Total Assessment $711,167

PROPERTY TAXES

Parcel Numbers
Multiple
  • 007-541-05
  • 007-273-29
  • 007-273-05
  • 007-273-02
  • 007-273-04
  • 007-273-01
  • 007-273-22
  • 007-273-03
  • 007-273-21
Land Assessment
$669,475
Improvements Assessment
$41,693
Total Assessment
$711,167
 

  • Listing ID: 24492679

  • Date on Market: 11/15/2021

  • Last Updated:

  • Address: 614 W 5TH ST, Reno, NV 89503

More public record information on 614 W 5TH ST, Reno, NV 89503

The Downtown Reno Land Property at 614 W 5TH ST, Reno, NV 89503 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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