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Dandini South Blvd
Reno, NV 89512
Land For Sale
·
37.03 AC
Investment Highlights
- Perfect for market-rate workforce housing or LIHTC development.
- Close to TMCC and the N Valleys industrial areas.
Executive Summary
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 37.03 AC |
| Zoning | MU-S - Reno MS zoning=mixed use suburban. 2015 site plan showed 296 units. MS zoning lowered parking requirements. Less parking area likely = more units! | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 37.03 AC |
| Zoning | MU-S - Reno MS zoning=mixed use suburban. 2015 site plan showed 296 units. MS zoning lowered parking requirements. Less parking area likely = more units! |
1 Lot Available
Lot
| Price | $5,900,000 | Lot Size | 37.03 AC |
| Price Per AC | $159,330.27 |
| Price | $5,900,000 |
| Price Per AC | $159,330.27 |
| Lot Size | 37.03 AC |
Located on the S side of Dandini Boulevard and immediately E of TMCC, this site has expansive views of the entire Truckee Meadows. Location is perfect for EITHER market-rate workforce housing OR LIHTC, as the site is in the City of Reno AND in a QCT.
Description
~37.03 acres on the S side of Dandini Boulevard, E of TMCC and W of Sun Valley. Perfect for market rate workforce housing due to easy access to reno's North Valleys. Excellent panoramic views to the south of the entire Truckee Meadows with Mount Rose in the distance. Utilities are CLOSE to site: either on Sun Valley Blvd., or TMCC. Utility costs to be shared with buyer (under contract) of the N parcel. Originally mapped for 296 units in 2015. Unit count was laid out BEFORE the current City of Reno Zoning Code was adopted on 10/28/22, which reduced parking requirements dramatically. Therefore, it is likely / probable that additional units should be approved on the site.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,036,840 | Total Assessment | $1,036,840 |
Property Taxes
