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Belmar DR NKA dr
Sparks, NV 89436
Land For Sale
·
165.49 AC
INVESTMENT HIGHLIGHTS
- Approved Plans in Place.
- 20 minutes from the core downtown area or the Reno airport.
- Single Family Development Project.
EXECUTIVE SUMMARY
Land approved for 448 townhomes in the hot Reno market. A major boom is underway in the Reno area, with many employers and people moving to the area. There is also an expansion of major distribution centers with large new facilities. Insufficient housing stock is in place to support core industry growth and strong housing demand is evident. A variety of single-family developments have been completed nearby the subject property and a townhome project will provide an affordable and attractive entry for the plethora of home buyers coming to the area. Single family homes in the area generally are priced in the 600s. The development is located in Sparks, just 20 minutes from the core downtown area or the Reno airport. The property is within Miramonte, a master plan with multiple successful subdivisions. There is an approved Tentative Map for 448 lots. Price to include rough grading, utilities, and roads to the site.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 165.49 AC |
| Zoning | NUD - New Urban District zoning. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 165.49 AC |
| Zoning | NUD - New Urban District zoning. |
1 LOT AVAILABLE
Lot 1-448
| Price | $14,560,000 | Lot Size | 165.49 AC |
| Price Per AC | $87,981.15 |
| Price | $14,560,000 |
| Price Per AC | $87,981.15 |
| Lot Size | 165.49 AC |
Approved for 448 residential units. Price includes rough grading, utilities, and roads to the site. See description attached.
DESCRIPTION
448 residential lots are available for development with approved plans in place. Any changes to approved plans will need to submit for provisions. Land is currently undeveloped. Beautiful location.
PROPERTY TAXES
| Parcel Number | 514-010-84 | Improvements Assessment | $0 |
| Land Assessment | $231,700 | Total Assessment | $231,700 |
PROPERTY TAXES
Parcel Number
514-010-84
Land Assessment
$231,700
Improvements Assessment
$0
Total Assessment
$231,700
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