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Spruce Ave - Spruce Ave & Aspen St | Mixed-Use Land 19.4 Acres of Industrial Land Offered at $1,800,000 in Silver Springs, NV 89429
Investment Highlights
- 19.4 acres approved for mixed-use development including commercial, retail, and industrial.
- Located in a designated Opportunity Zone offering potential tax benefits to investors.
- Zoning RR3T allows for flexible usage strategies such as live/work units and industrial park.
- Strategically located near major highways with strong regional connectivity.
Executive Summary
This 19.4-acre mixed-use land parcel located at Spruce Avenue and Aspen Street offers exceptional flexibility for development in Silver Springs, Nevada. The property has received Planning Commission approval and County Board approval for suburban commercial mixed-use, making it suitable for a combination of industrial, retail, live/work units, and other commercial concepts. The site’s zoning designation (RR3T Mixed Use) provides developers and investors with ample opportunity to create innovative projects that align with growing community needs.
Positioned in a highly drivable area with proximity to major thoroughfares, the parcel offers excellent connectivity to US Route 95 Alternate and Highway 50, enabling efficient access to Reno just over 30 miles away and Fallon approximately 15 miles away. The property benefits from essential services through Silver Springs Mutual Water Company and includes 15 Acre Feet of water rights, making it even more attractive for larger-scale development plans. Additionally, the property lies within an Opportunity Zone, granting investors potential tax advantages and incentives designed to strengthen long-term return on investment.
This site is ideal for developers looking to establish a vibrant mixed-use environment or industrial park, leveraging Silver Springs’ growth trajectory and proximity to the Tahoe Reno Industrial Center, one of Nevada’s dominant employment and logistics hubs.
Positioned in a highly drivable area with proximity to major thoroughfares, the parcel offers excellent connectivity to US Route 95 Alternate and Highway 50, enabling efficient access to Reno just over 30 miles away and Fallon approximately 15 miles away. The property benefits from essential services through Silver Springs Mutual Water Company and includes 15 Acre Feet of water rights, making it even more attractive for larger-scale development plans. Additionally, the property lies within an Opportunity Zone, granting investors potential tax advantages and incentives designed to strengthen long-term return on investment.
This site is ideal for developers looking to establish a vibrant mixed-use environment or industrial park, leveraging Silver Springs’ growth trajectory and proximity to the Tahoe Reno Industrial Center, one of Nevada’s dominant employment and logistics hubs.
Property Facts
| Price | $1,800,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 19.40 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | RR3T - Mixed Use | ||
| Price | $1,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 19.40 AC |
| Opportunity Zone |
Yes |
| Zoning | RR3T - Mixed Use |
1 Lot Available
Lot
| Price | $1,800,000 | Lot Size | 19.40 AC |
| Price Per AC | $92,783.51 |
| Price | $1,800,000 |
| Price Per AC | $92,783.51 |
| Lot Size | 19.40 AC |
Description
Approved Mixed Use 19.4 acres property on Spruce Ave.
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Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 015-211-03 | Improvements Assessment | $0 |
| Land Assessment | $10,500 | Total Assessment | $10,500 |
Property Taxes
Parcel Number
015-211-03
Land Assessment
$10,500
Improvements Assessment
$0
Total Assessment
$10,500
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Spruce Ave - Spruce Ave & Aspen St | Mixed-Use Land