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Airport Rd
Carson City, NV 89701
The Oaks Multifamily Development Site · Land For Sale
·
14.61 AC
Investment Highlights
- 14.61 acres close to Highway 50
- Very popular submarket in Carson City, NV
- Multifamily land for 312 proposed units
- Less than 45 minutes to South Lake Tahoe, Reno, NV, and Tahoe Reno Industrial Center
Executive Summary
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 14.61 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | MFA - Multifamily | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 14.61 AC |
| Opportunity Zone |
Yes |
| Zoning | MFA - Multifamily |
1 Lot Available
Lot
| Price | $7,500,000 | Lot Size | 17.61 AC |
| Price Per AC | $425,894.38 |
| Price | $7,500,000 |
| Price Per AC | $425,894.38 |
| Lot Size | 17.61 AC |
Level lot zoned multifamily.
Description
The 14.610 acre site located in Carson City, NV will be the future The Oaks Apartments. The site is in the federally designated opportunity zone and part of the Lompa Ranch Specific Plan. Lompa Ranch offers luxury living and lifestyle in central Carson City with plans to capture higher-end home prices and higher-end rental rates. This excellent location offers a short commute for residents that work at the Tahoe Reno Industrial Center, work or play in beautiful Lake Tahoe and residents that need access to the many services available in Reno, NV. The preliminary plans include 13 eight-unit buildings, 13 sixteen unit buildings, a community center, and a fitness center. These will be constructed on eight gross acres within a planned community that offers master-planned parks, as well as walking and bike paths. Carson City has seen heavy demand for housing. The absorption for new construction projects in the region has been very strong.
Property Taxes
| Parcel Number | 010-041-83 | Improvements Assessment | $0 |
| Land Assessment | $2,347,724 | Total Assessment | $2,347,724 |
Property Taxes
