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North Wells Ave
Reno, NV 89512
10.77 AC Vacant Land Near UNR · Land For Sale
·
10.77 AC
EXECUTIVE SUMMARY
- Includes a ground lease for Reno Rendering.
Approximately 5 years remaining
Lease is triple net
Annual rent is $96,000
Lease has no options for renewal
Lease has right of first refusal
- Price includes 4 houses on Winston Dr. for purposes of access.
Approximately 5 years remaining
Lease is triple net
Annual rent is $96,000
Lease has no options for renewal
Lease has right of first refusal
- Price includes 4 houses on Winston Dr. for purposes of access.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 10.77 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Zoning | MF30 - MULTI-FAMILY (30 UNITS PER ACRE | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 10.77 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | MF30 - MULTI-FAMILY (30 UNITS PER ACRE |
1 LOT AVAILABLE
Lot
| Price | $12,000,000 | Lot Size | 10.77 AC |
| Price Per AC | $1,114,206.13 |
| Price | $12,000,000 |
| Price Per AC | $1,114,206.13 |
| Lot Size | 10.77 AC |
DESCRIPTION
This Wells Avenue project is one of the few remaining infill sites inside the McCarran Avenue ring. Consisting of 7.80 acres of a combination of MF30 and MU zoning, the location is ideal for either multifamily or student housing. In addition, the site can be purchased as Option I or Option II exclusively, or together as Option III.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $185,506 | |
| Land Assessment | $910,546 | Total Assessment | $1,096,052 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$910,546
Improvements Assessment
$185,506
Total Assessment
$1,096,052
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